The reserves of the Central Bank will fall this Monday for an IMF payment for US $ 610 million in interest.
The reserves of Central Bank (BCRA) They will reflect on Monday the first payment of debt interest since the beginning of the new agreement with the International Monetary Fund (IMF). In the next few hours there will be a payment for U $ 610 million In interest.
Last Wednesday, Gross reserves fell $ 205 million, to US $ 38,960 million. “The fall is explained at US $ 60 million due Allaria.
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The maturities ahead
This year there are two other maturities of interest: U $ 861 million on August 1 YU $ S883 million on November 1. In addition, in the remainder of the year the treasure will receive a reinforcement of US $ 2,000 million in June and other US $1 billion at the end of the year.
Besides, The schedule will include three annual disbursements (in 2026, 2027 and 2028) of US $ 1,400 millionand other US $ 700 million in 2029, completing the credit of US $ 12,000 million. But Argentina will also receive credit flows from other multilateral organizations such as IDB and the World Bank.
In the case of the IMF, the credit, at 10 years, has a period of grace of 4 and a half years. As reported by the agency, the capital maturities will have to be paid in 2018 plus interest on total debt, which reaches almost $ 57,000 million.
Of that total, US $ 41,7 billion of the 2018/19 loan that still owes the US $ 15,000 million of the first disbursements of the new credit.
Source: Ambito
