(Reuters) -Argentina’s embattled bonds, stocks and peso currency gained for a third day on Wednesday after more details were shared on U.S. support for the reform push by the South American government under President Javier Milei.

Below are comments from analysts on the latest developments:

KIMBERLEY SPERRFECHTER, EMERGING MARKETS ECONOMIST, CAPITAL ECONOMICS

“U.S. Treasury Secretary Scott Bessent’s renewed pledge to ‘do what is needed’ to support Argentina in a post on X earlier today, including purchases of Argentinian sovereign U.S. dollar bonds and a potential $20 billion credit line, should give Argentina’s government breathing space ahead of the midterm elections in October. Crucially, though, it doesn’t solve the country’s underlying issues, in particular the misaligned exchange

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