The agency gives strong support to the government and pointed out that the objective of financing is to strengthen the balance of payments and improve the monetary and exchange policy framework of the country.
The National Government approved on Thursday the signing of a New loan with the Inter -American Development Bank (IDB) for an amount of 500 million dollarsintended to support the “Macroeconomic Stability Support Program.” The measure was formalized through the Decree 313/2025published in the Official Gazette.
The objective of financing is strengthen the balance of payments and improve the framework of monetary and exchange policy of the country. As detailed in the decree, the loan was considered adequate both in terms of cost and of conditions, and received the approval of the National Public Credit Office. He Central Bank He also evaluated the operation and concluded that its impact on external flows will be limited and consistent with macroeconomic projections.
He Ministry of Economythrough the Ministry of Finance, it will be the executing agency of the program and will be in charge of both the operational management as the administration of resources. In turn, the Minister of Economy, Luis Caputo, and the Secretary of Finance was empowered to sign the contract and make the necessary modifications, provided they do not imply substantial changes in the object, amount or loan mechanisms.
The loan is part of the government’s efforts by reinforce the external front without resorting to international markets in more demanding conditions. From the Executive, they emphasize that the agreement with the IDB will allow to accompany the stabilization process with greater financial support.
The government bets on “shielding” reserves in the implementation of the new program
After the agreement with the International Monetary Fund (IMF) that was announced on April 11, the Government admitted that it reached agreements with international organizations to access additional funds for the implementation of the third phase of the economic program.
The Government projects an income from Financial capitals for US $12.5 billion between 2025 and 2026which would become one of the main sources of foreign exchange along with foreign direct investment, IMF disbursements and other multilateral organizations, and the reopening of access to international markets from 2026.
According to official estimates shared with the Monetary Fund, portfolio investments are expected to grow at US $10,000 million in 2025 Regarding the previous year, and other US $2.5 billion in 2026 Faced with this year, always net of the payment of debt amortizations. It’s about speculative capitals That this week they began to be enabled to operate in the local market, after the decision of the Central Bank to allow their entry, with the condition that they remain at least Six consecutive months. This period coincides with the electoral calendar and guarantees that they cannot leave until shortly before the presidential elections.
In that context, and with a downward exchange rate and interest rates in upward pesos, the Executive aims to reissue a strategy of Carry Tradeencouraging the placement of funds in local currency. The background objective is to take the dollar to the $ 1,000 floor inside the flotation bandcontain inflation expectations and reinforce exchange stability, in a politically sensitive year.
Source: Ambito
