This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Argentina Secures $20bn Deal with IMF; Set to Obtain $12bn from World Bank
April 14, 2025
Argentina has secured a $20bn, 48-month Extended Fund Facility (EFF) deal with the IMF. The deal includes a $12bn disbursement by Tuesday and another $2bn by June. This agreement is expected to unlock additional multilateral and bilateral support and facilitate Argentina’s re-entry into international capital markets. A key part of the deal is Argentina’s move to dismantle long-standing currency controls, allowing the peso to float within a range of 1,000 to 1,400 pesos per dollar, and eliminating restrictions on foreign currency access. Companies will also be allowed to repatriate profits, a major change to attract investment. President Javier Milei expressed confidence that Argentina is in a stronger position to weather external challenges, though an IMF report highlighted risks related to global trade tensions, electoral instability, and fragile domestic conditions. Additionally the World Bank is set to announce a $12bn financing package for Argentina, complementing the IMF’s approval of a $20bn loan deal. Additionally, the Inter-American Development Bank is expected to unveil its own support package for Argentina. These announcements also follow the country’s decision to ease foreign exchange controls. The dismantling of strict capital controls is seen as a key step to unlocking this new international financing.
Argentina’s dollar bonds traded stable, with its 5% 2038s at 60.7, yielding 9.2%.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.