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’s President to Meet IMF For a New Financing Deal; Dollar Bonds Continue To Trade Weak
February 19, 2025
Argentina’s President Javier Milei is set to travel to the US on Wednesday where he plans to meet IMF Managing Director Kristalina Georgieva. Milei will be accompanied by key officials, including Economy Minister Luis Caputo. He aims to finalize a new financing deal with the IMF, which Caputo believes is close to completion. The president’s visit follows controversy surrounding his promotion of cryptocurrency, $LIBRA, which led to a surge and subsequent crash in its value. Milei has distanced himself from the project. During the trip, Milei will also meet with World Bank President Ajay Banga and deliver a speech at the IDB. There are no formal plans for a meeting with Donald Trump, but an informal encounter is possible. Milei’s government is also keen to discuss a free-trade agreement with the US and governance reforms with Musk.
Argentina’s dollar bonds continued to trade weak by ~1-2 points with its 3.5% 2041s down at 60.8, yielding 11.3%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Argentina Due to pay $730mn to the IMF as Uncertainty Looms
January 28, 2022
Argentina Reaches IMF Agreement to Restructure $44.5bn Debt
January 31, 2022
Argentina Closes $45bn Deal with IMF
March 4, 2022
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.