Argentina Clears Path to Borrow $5 Billion to Cover July Debt
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13 Articles
Argentina Clears Path to Borrow $5 Billion to Cover July Debt
Markets · Argentina Key Facts —The decree. Argentina authorized borrowing up to $5 billion through guaranteed loans, published in the official gazette. —The purpose. The money is meant to cover roughly $4.5 billion in debt falling due in early July. —The backers. The World Bank and the development bank IDB are providing partial guarantees. —The […] The post Argentina Clears Path to Borrow $5 Billion to Cover July Debt appeared first on The Rio T…
The bill comes after the support announced by the IDB and the World Bank for a total of USD 2.550 billion
After obtaining the guarantees, the Government made official that it is moving forward with a loan from banks for US$ 5,000 million
The Government authorized the carrying out of financing operations for up to US$ 5,000 million with international financial entities. They are funds that will be guaranteed by a group of international organizations such as the World Bank, the IDB or the CAF. The Executive Branch argued that it is a measure aimed at reducing the […]
The measure was formalized by a decree published in the Official Gazette and enables operations with international financial institutions to reduce the cost of financing the Treasury.
Assets intended for the provision of essential public services and resources linked to the collection of taxes and royalties
The National Government authorized international financing operations of up to $5 billion. The measure empowers the Ministry of Economy to advance in obtaining loans from international financial institutions that will have partial guarantees from multilateral credit agencies. The decision was embodied in Decree 478/2026, signed by the President and published in the Official Gazette on Monday, and is part of the authorizations provided for in the…
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