Argentina secures debt refinancing for 2026-2027

Argentina's Economy Minister Luis Caputo declared on Monday that the country has successfully secured the refinancing of its debts for the rest of 2026 and the entirety of 2027. He also indicated that returning to borrowing from the private international market remains an option if needed.

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There will be no problems for the 2026 and 2027 refinancings.

During a press conference, Caputo asserted, "There will be no problems for the 2026 and 2027 refinancings." He detailed that Argentina faces capital and interest payments totaling $19.2 billion for the remainder of this year and $24.9 billion in 2027. According to the minister, refinancing for 2026 is already "over-fulfilled by around $3.7 billion," which will serve as a "cushion" for next year's capital maturities.

The ministry's roadmap for 2027 aims to secure $5.9 billion from international credit organizations like the IMF and World Bank. Additionally, it plans to raise nearly $10 billion through local legislation issuances and direct purchases from the Central Bank, along with an additional $1.5 billion from privatizing state-owned companies.

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We have managed to overcome external and internal shocks that would have caused the country to collapse at any other time. The dollar, inflation, and country risk would have skyrocketed.

Caputo highlighted the country's resilience, stating, "We have managed to overcome external and internal shocks that would have caused the country to collapse at any other time. The dollar, inflation, and country risk would have skyrocketed." Argentina's country risk reached 412 points on Monday, its lowest level in almost a decade. He added that refinancing debt under local legislation is sufficient, and his ministry has set goals tied to President Milei's potential re-election in 2027, aiming for Argentina to reach investment grade by the end of Milei's second term.

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With refinancing the debt under local legislation is sufficient.