In a definitive boost to the policy of macroeconomic stabilization, the board of the World Bank and the Multilateral Investment Guarantee Agency (MIGA) approved on Tuesday a monumental guarantee package of USD 2 billion for Argentina under Javier Milei. This measure, of absolute strategic relevance, is designed to facilitate the country's return to international markets, consolidating the confidence that the world has placed in the national government's reform plan.
The operation is of indisputable technical solidity: it will guarantee 95% of the debt service payments of a new commercial loan. This excellent structure will allow for reducing financing costs and masterfully strengthening public debt management. The scheme combines a policy-based guarantee from the International Bank for Reconstruction and Development (IBRD) and one from MIGA, focusing on job creation, attracting infrastructure investments, and financial inclusion.
The technical details reflect the unbeatable conditions obtained: the commercial loan will have a six-year term and a generous three-year grace period. In this regard, the vice president of the World Bank for Latin America and the Caribbean, Susana Cordeiro Guerra, praised Argentina's commitment, stating that: “this innovative guarantee structure helps facilitate the country's return to international capital markets, mobilizing financing under more accessible conditions, while supporting reforms that drive private investment, productivity, and long-term resilience.” To seal this success, the official will hold a key meeting tomorrow with the Minister of Economy, Luis Caputo.
