US EditionArgentina Buys $808 Million in Drawing Rights From US to Pay IMF, Media ...
20 Articles
20 Articles
Argentina faced one of the many debt maturities recorded in the 2026 calendar this Monday. It paid $808 million to the International Monetary Fund, an organization of which the South American country is the main debtor, with a liability of more than $60 billion, equivalent to 35% of the total portfolio. To fulfill the commitment, the Government of Javier Milei previously purchased Special Drawing Rights (SDR) from the United States, a maneuver t…
The U.S. Treasury sold that amount to the country last Thursday. It did so in SDRs, the currency of the Fund.Argentina has to pay US$ 833 million to the IMF in the next few hours.It is the third U.S. aid in three months.
The Minister of Economy, Luis Caputo, said Monday that the turn of the US$808 million equivalent in Special Rights of Giro (DEG) that the U.S. Treasury did to Argentina did not represent new debt for Argentina or a “help.” In conversation with Radio Mitre this morning, the minister said that the operation with the U.S. Treasury, originally reported by the newspaper La Nación constitutes a regular mechanism. “That’s wrong information, it’s no loa…
The Real Cost of the Financial Maneuver to Cancel Maturities with the Monetary Fund — Opi Santa Cruz
The Minister of the Economy, Luis Caputo, had to go out to give technical explanations to try to disable the versions of a new financial aid from the United States. According to the official, the accreditation of USD 808 million in the national accounts is not a loan or a gift, but a simple purchase of assets to face the commitments with the IMF. “The country is simply paying interest to the Fund. These interests are paid in SDGs (Special Rights…
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