Securities in foreign currency hardly represent maturities of US $ 1.905 million. In this segment, again, March is the month that concentrates the largest percentage.
However, there are also maturities in hard currency with bilateral and multilateral organizations for US $ 9,221 million, of which almost 85% (u $ s7,768 million) corresponds to obligations with the International Monetary Fund (IMF), an institution with which an agreement is being sought to modify the conditions of the debt contracted in 2018.
Finally, the Treasury must return Temporary Advances to the Central Bank (BCRA) for the equivalent of US $ 3,031 million. In parallel, the monetary authority owns bills for $ 7,758 million.
For the short term, the OPC highlighted that for the rest of December, maturities are equivalent to US $ 5,156 million, although the figure is reduced to US $ 4,863 million when excluding intra-public sector debt. 58% is paid in domestic currency. As for the maturities with the IMF, on December 22 the country must pay US $ 1,858 million.
The OPC also highlighted in a report that in November the rate of surcharges for debt with the Fund increased to 300 basis points, after completing 36 months with a debtor balance above 187.5% with respect to the participation quota that Argentina has in the organization.
“According to the current expiration schedule, it is estimated that the payment of surcharges would total US $ 1,084 million until 2024, which represents 65% of interest payments and 2.4% of total maturities “, they detailed.
Source From: Ambito
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