On October 31, the Government canceled a maturity of US$2.6 billion, and days later it paid another US$800 million. In turn, in this last two months there are commitments in foreign currency for US$2,460 million.
The new government must pay debt maturities for about US$12,000 million in the next five monthswhich poses a major challenge that will force us to quickly renegotiate the debt with the IMF and buy time until the hard-earned currencies begin to enter.
The Minister of Economy and presidential candidate, Sergio Massa, is thinking about winning the October 19 runoff quickly begin a renegotiation of the program with the IMF to alleviate the burden of commitments in the coming months and avoid greater exchange tensions.
On October 31, the Government canceled a maturity of US$2.6 billion, and days later it paid another US$800 million. At the same time, in this last two months there are commitments in foreign currency for US$2,460 million, between capital and interest, according to calculations by the consulting firm Equilibra.
Of that total, US$1.6 billion correspond to the IMF while the The remaining US$860 million goes to other organizations. As it turned out, if approved the seventh review of the current agreementthe country receives a disbursement of US$3.25 billion.
On the other hand, the remaining US$3.5 billion of the swap with China will not be enough to pay the US$5.562 million of commitments in hard currency in January. But the yuan will be enough to pay the IMF, for US$1,945 million, and the private holders (Bonares and Globales), for another US$1,580 million.
In Februarythe Payments They total US$851 million, in March US$791 million and US$2,257 million in April. They are US$9,461 million in the first quarter of 2024.
Source: Ambito
