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Government Seeks $2.8bn Loan For 2025 Debt Payments

ARGENTINA
  • Economy Minister Caputo is negotiating with international banks for a $2.8bn loan to make debt payments due January 2025, according to local media. The reports suggest that local notes would be given to lenders as a guarantee for a loan made directly to the Treasury. Last weekend, President Milei said that the government would make the 2025 debt payments by any means necessary.
  • In other news, President Milei will hold a bilateral meeting with President Macron in Paris on July 26, according to a report in La Nacion, citing people familiar with the matter. Milei will travel to France tomorrow to attend the opening ceremony of the Olympic Games.
  • Meanwhile, President Milei has named economist Baltasar Romero to the BCRA’s board of directors following the resignation of Alejandro Lew, according to a statement. Romero, whose appointment must be approved by the senate, will complete Lew’s term that ends in September 2028.

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