Jamie Dimon, CEO of JPMorgan, was reported on the 10th to have said that "Argentina may not necessarily need a bank loan."
In a recent interview with Reuters, CEO Dimon said, "Many large corporations want to invest in Argentina now. There is a possibility that $100 billion (about 146 trillion won) in foreign capital will return to Argentina." He added, "JPMorgan has been active in Argentina for more than 100 years and has supported debt rescheduling several times, and we are ready whenever needed."
Dimon's remarks came after the U.S. administration of Donald Trump released an official statement last month that it is creating a $20 billion (about 29 trillion won) private fund through five major banks to support the Argentine government.
CEO Dimon said, "If President Milei continues his policies during his term, or into a second term, Argentina can experience change." He assessed that, since the launch of the Milei administration, Argentina's economy has been sending positive signals to investors on the back of easing inflation and early growth.
By the end of the year, Argentina must purchase $9 billion (about 13.1 trillion won) in foreign currency or apply for a loan, in line with its agreement with the International Monetary Fund (IMF). U.S. Treasury Secretary Scott Bessent said he would create a $20 billion private fund to support Argentina, but specific details have not yet been released. It is reportedly facing difficulties due to opposition in U.S. politics and collateral issues.