*Argentina’s government led by President Javier Milei has announced it will raise US$3.2bn in hard currency via an issuance of 10-year bills to the central bank (BCRA) in a bid to meet debt obligations. The announcement was made in the official gazette on 5 January, which stated the bills were to be issued yesterday (7 January). In a press conference, presidential spokesperson Manuel Adorni said the debt issuance aimed to allow the government “to meet maturities with private creditors”. Argentina’s government faces upcoming debt payments with creditors including the International Monetary Fund (IMF), to which the country owes US$44bn. A meeting between the IMF and Argentine officials is set to take place today (8 January). This follows technical talks held from 5-7 January. The government will be seeking the postponement of an upcoming US$1.3bn payment as well as the disbursement of more funds.
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LatinNews Daily - 08 January 2024
In brief: Argentina moves to meet debt obligations
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