A report by the Congressional Research Service, the public think tank of the United States Congress, has indicated that Argentina may face the necessity of devaluing its currency or defaulting on its debt. The document, dated December 30 but released this week, stated that “Argentina’s main source of foreign currency is the remaining balance on … Read more
Argentina has obtained a loan amounting to US$3 billion from a consortium of international banks, aimed at addressing an imminent foreign debt obligation and restoring the nation’s dwindling financial reserves. The Central Bank announced a one-year repurchase agreement – or repo – with lenders at a rate of 7.4 percent, according to a statement released … Read more
According to a source, Argentina’s Treasury is gathering greenbacks in preparation for a big bond payment that is due this week. These greenbacks are being acquired by the Treasury in order to acquire dollars that are entering the local market thanks to the privatization of hydroelectric power facilities. According to a source, the Treasury Department … Read more
A significant indicator of Argentina’s sovereign risk has decreased to its lowest point in seven years, as the policy adjustments implemented by President Javier Milei’s administration have positioned the country nearer to re-entering international debt markets. The additional yield that investors require to hold Argentina’s sovereign debt compared to US Treasuries of equivalent maturity decreased … Read more