After knowing the results of the current state of the debt with the International Monetary Fund, a new disbursement is expected that will increase it even more.
The IMF (International Monetary Fund) stated that next week the agreement between Argentina and the organization will be reviewed. Once approved, the disbursement of 1 billion dollars destined for the Argentine Republic in order to sustain the financial scheme of fiscal surplus and apparent decline in inflation.
However, despite having achieved the desired fiscal surplus, in March of this year the external debt was at its highest historical point, this being 483,830 million dollars.1
a familiar face
Meanwhile, the current Minister of Economy Luis »Toto» Caputo is at the same time responsible for the Argentine debt during his management with Mauricio Macriwhich cost him a political trial »For carrying out a ruinous operation for the interests of the State, the treasury and the Argentine People of today, and of future generations, taking on $2.75 billion of 100-year debt at a nominal rate of 7.125% per year, which objectively will cost an annual interest rate of 7.9% per year, as such bonds have been placed below par. First of all, it must be noted that this type of operations It does not have any type of contemporary precedent in the Argentine stock market», maintains the document legal of the Chamber of Deputies.
According to the Public Debt Observatory, in the “inclosure” of the bond (that is, the warning given to those interested in acquiring the bond) it was indicated that Argentina I was going to have social conflictsincrease in the deficit, problems with tariffs, there would continue to be problems with vulture funds and that possibly The debt was not going to be able to be paid.
For its part, the International Monetary Fund, in that same year in its report on Art. IV of its Constitutive Agreement, showed what was happening with the Argentine economy. openly recommending labor restrictions, adjustment of public spending, tax modification: your permanent recipe.2
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