NEW YORK, Oct 23 (Reuters) - Argentine President Javier
Milei will meet with JPMorgan Chase ( JPM ) CEO Jamie Dimon in
Buenos Aires this week, according to three sources familiar with
the matter.
Milei will attend a conference organized by the biggest U.S.
lender on Friday for bank and industry executives, including
clients coming from other countries in Latin America, according
to the sources. Dimon's meeting with Milei is part of a
scheduled JPMorgan ( JPM ) visit during which its international council
will also convene in Buenos Aires, one of the sources said.
Bloomberg News reported about the meeting earlier.
Milei faces crucial legislative elections on Sunday to determine
whether he will be able to continue his economic overhaul of the
country, which has been backed by the U.S. and encouraged
investors.
Argentina's central bank said earlier this month it signed a $20
billion exchange-rate stabilization agreement with the U.S.
Treasury Department, part of a U.S. plan to support Milei's
reform policies ahead of key midterm elections this weekend.
U.S. Treasury Secretary Scott Bessent also said last week that
the department was working with banks and investment funds to
create a $20 billion facility to invest in the South American
country's sovereign debt.
However, some of the largest lenders are reluctant to lend
unless details on what the collateral for the lending program
may look like are determined, one of the sources said.
Bankers are still waiting for guidance from the Treasury
Department on what the collateral could be, the source added.
The Wall Street Journal had first reported on the banks'
deliberations on Monday.