Just 48 hours before facing major debt maturities, Argentina announced that its Central Bank (BCRA) finalized a financing agreement with six international banks worth US$3 billion. The operation was carried out through a repurchase agreement (repo), with a term of approximately one year and an interest rate close to 7.4% annually.
The funds will be used to strengthen the country’s limited dollar reserves and cover part of the upcoming external debt payments, including maturities exceeding US$4.2 billion, due in the coming days.
The transaction, backed by sovereign bonds such as Bonar 2035 and 2038, was supported by major institutions including Santander, BBVA, Deutsche Bank, Goldman Sachs, JPMorgan, and the Bank of China.
While some analysts view the deal as a sign of renewed confidence from international markets, others warn that Argentina still faces challenges in accessing cheaper and more sustainable long-term financing.
Does this loan guarantee Argentina’s economic stability?
Not entirely. Although it helps meet immediate obligations and boost reserves, the country’s reliance on external financing remains high, and long-term stability will depend on investor confidence and access to global credit markets.