With this scheme, the financial cost would entail a country risk of around 167 points.
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The Deputy Minister of Economy, José Luis Daza, assured that Argentina will be able to access financing at considerably lower rates thanks to guarantees provided by the Inter-American Development Bank (IDB) and the World Bank (WB). As he explained, this scheme will make it possible to close financing by 2026 under much more favorable conditions than the current ones
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This context would be decisive for the reduction of country risk, since, based on the rates close to 6% mentioned by Daza, Argentina could operate at levels close to 167 points, well below the current 549 points, which shows a strong improvement in the cost of credit.
During his presentation, Daza explained that both institutions are willing to provide guarantees so that the country can borrow from international banks. This support significantly reduces the perceived risk and, consequently, the interest required by investors
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In concrete terms, the official explained that without these guarantees, Argentina should issue debt at rates close to 9% or 9.5%. With the endorsement of the IDB and the World Bank, on the other hand, that cost would fall to a range of between 6% and 6.5% per year. This reduction has a direct effect on tax accounts, as the burden of interest decreases.
The calculation that links these rates to country risk is based on the reference of the 10-year United States Treasury bond, which currently yields around 4.33% per year. The difference between that return and the projected rate for Argentina explains the country's approximately 167 risk points
. José Luis Daza with Javier Milei.
Daza noted that this scheme not only covers the expected maturities for 2026, but also improves debt sustainability in the medium term. Lower rates mean less financial pressure and more room to consolidate fiscal balance
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In this context, the support of multilateral organizations appears to be a central factor for the normalization of Argentine credit. The possibility of accessing cheaper financing marks a significant change compared to the levels of risk that the country has been carrying in recent years
