The Minister of Economy, Luis Caputo, presented on Tuesday the financial program that the Government will use to face the significant debt maturities expected until 2027, and left a clear message to the market: Argentina does not need to return to issuing debt in international markets to sustain its economic program.
During a press conference, the official explained that the scheme was designed with conservative criteria and includes multiple financing alternatives, although he clarified that issuing debt abroad is not part of the Government's immediate objectives.
"Going to the markets is an option, not a goal", Caputo stated.
A financial program with room to meet maturities
The minister explained that the plan incorporates different sources of financing that allow for comfortably covering the needs expected for the next two years.
According to the details provided by the Secretary of Finance, Federico Furiase, the financing needs amount to USD 19.2 billion, while the secured sources reach USD 22.9 billion, creating a financial cushion of USD 3.7 billion.
Among the main sources anticipated are:
USD 6.7 billion from dollar purchases from the Central Bank.
USD 4 billion through loans guaranteed by international organizations.
USD 2.8 billion in disbursements from the World Bank and the Inter-American Development Bank.
USD 6 billion in local issuances, of which USD 4 billion have already been placed through the Bonar 2027 and Bonar 2028 bonds.
