The libertarian administration will have to face payments totaling approximately USD 4.3 billion
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Just days before the largest debt maturity of the year, the Government of Javier Milei confirmed that the funds are already available to meet the 4.3 billion dollar obligation corresponding to Global and Bonar bonds, of which about 80% are held by private creditors.
The payment is scheduled for July 9 and, according to official sources, it will be made on time and in full, without complications.
“The Treasury has had the dollars for the bond payment for several weeks now”, sources from the Ministry of Economy stated, dispelling any speculation or uncertainty regarding the fulfillment of this key commitment. This statement is supported by market and private consulting firm estimates, which also agree that the payment is not at risk.
Caputo resaltó que el país cerró 2024 con cifras económicas sorprendentes.
Currently, Milei's government has deposited USD 3.027 billion in the Central Bank, and has already received an additional USD 1 billion from a bond placement completed last week. This inflow allowed the government to consolidate a solid position to face the July 9 maturity with confidence.
In detail, the libertarian administration will have to make payments totaling about USD 4.3 billion. Of that amount, it is estimated that approximately USD 3.7 billion are held by private creditors.
Subsequently, on August 1, another commitment is scheduled to be paid, with a disbursement of around USD 800 million to the International Monetary Fund.
Luis Caputo, ministro de Economía.
Additionally, in the near future, an additional disbursement from the International Monetary Fund of USD 2 billion is expected, as well as another USD 2.1 billion from multilateral organizations. A possible REPO-type loan of USD 2 billion with private banks also remains under consideration, which would further expand Milei's government's financial margin.
“This maturity is already incorporated into market expectations”, emphasized Matías Surt, chief economist at Invecq. Meanwhile, Sebastián Menescaldi, director of EcoGo, highlighted that “the government is practically fully funded”.
The timely fulfillment of this payment becomes a demonstration of financial strength and commitment, which helps strengthen market confidence and reinforce economic recovery.
