Where the US got $20B to bail out Argentina

<p dir="ltr">The U.S. is committed to bailing out Argentina to the tune of $20 billion using a little known mechanism called the Exchange Stabilization Fund. On today’s show, what is this fund, why was it created and does Argentina have any hope of paying it back? <p dir="ltr"><strong>Related episodes: <br /></strong><a href="https://www.npr.org/2023/12/20/1197956140/javier-milei-argentina-dollarize-economy-inflation" target="_blank">Dollarizing Argentina</a>  <p dir="ltr"><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/" target="_blank">plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank">Sierra Juarez</a>. Music by <a href="https://dropelectric.bandcamp.com/" target="_blank">Drop Electric</a>. Find us: <a href="https://www.tiktok.com/@planetmoney" target="_blank">TikTok</a>, <a href="https://www.instagram.com/planetmoney/" target="_blank">Instagram</a>, <a href="https://www.facebook.com/planetmoney" target="_blank">Facebook</a>, <a href="https://www.npr.org/newsletter/money" target="_blank">Newsletter</a>.  </em><br /><br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>