09/07/2026 04:20 - Economia
In a strategic move to strengthen the national economy, Argentina faced a key debt maturity on July 8, 2026, without destabilizing its finances. The Central Bank of Argentina (BCRA) paid USD 2.5 billion corresponding to Global bonds, demonstrating solid payment capacity and planning.
The BCRA's international reserves experienced a slight contraction, closing on Wednesday at USD 48.722 billion, after reaching a record USD 49.536 billion on July 7, 2026, its highest level since September 2019. This drop of about USD 814 million was notably less than the amount disbursed, thanks to the injection of foreign currency from previous financial agreements.
To mitigate the impact, the national government formalized loans for USD 3.2 billion with international banks. BBVA and Santander provided USD 2 billion guaranteed by the IBRD, while Deutsche Bank granted USD 1.2 billion, partially backed by the IDB. Economy Minister Luis Caputo emphasized that this is a refinancing with more advantageous conditions, avoiding a significant drain on reserves.
The next challenge will be the payment of the Bonares, scheduled for Monday, July 13, 2026. In total, adding both maturities, the commitment amounts to USD 4.3 billion. The market expects these payments will also be covered with dollars already received from the loans.
Meanwhile, the BCRA achieved 124 consecutive days of purchases in the foreign exchange market, acquiring USD 34 million on Wednesday and totaling USD 11.455 billion so far in 2026. This encouraging outlook is complemented by a country risk of 405 basis points, its lowest since 2018, and the IMF's decision to maintain its growth projection for Argentina despite a more challenging global context.
Sources: Infobae and El Cronista
Alfredo S. Quiroga
