Argentina had to make a payment on December 21, the first of the new management.
Argentina will receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a payment of US$913 million to the International Monetary Fund (IMF) next week, Reuters confirmed.
Argentina, whose $44 billion IMF program makes it the fund’s largest debtor, You must make the principal payment on December 21.
It is worth remembering that the Government has negative reserves and had to make use of loans from CAF and Qatar and from one swap line with the central bank of China to make recent payments to the agency on time.
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Telam
The new Minister of Economy, Luis Caputo, met on Monday with the executive president of the CAFSergio Díaz-Granados, according to a source. All CAF financing must be approved by the entity’s board of directors. It is also worth remembering that the CAF granted the financing to Argentina after the CAF had carried out the largest placement of a bond in its history for US$1,750 million with a term of 3 and a half years and a coupon of 6% .
This issue also achieved the highest demand in the 30 years of history of the international credit organization CAF in the capital markets, for an amount greater than US$3.4 billion.
As far as he could know Ambit, This possibility was already being considered in the previous administration of Sergio Massa, however it was decided to move forward in this direction with the incoming government.
Debt: upcoming maturities
Between December and Februarythe Treasury must cancel expirations by more than US$6.2 billionof which US$3.7 billion are payments to the IMF, US$1,000 million will be allocated to other international credit organizations and ones US$1.5 billion are in concept of public titles.
It is also worth mentioning that in the coming years, according to Ecolatina, between 2024 and 2026 the Government will have to face maturities for more than US$53,000 million (excluding Non-Transferable Letters, Letters of Guarantee and Guarantees), which is equivalent to more than US$17.8 billion on average per year.
Source: Ambito
