Argentina announced that it will pay $982 million in coupon bonds to private creditors this week.
“This way, we reaffirm our commitment to repaying public debt obligations and managing a fiscal strategy that will allow us to provide calm and certainty to the markets,” Argentina’s Finance Minister said.
The payments were announced in a context where Argentina’s net international reserves were at a record low.
Argentina is currently in the final stages of renegotiating the economic program agreed upon with the International Monetary Fund “IMF” and expects to obtain new financing to alleviate the crisis caused by the scarcity of international reserves.
A team from Argentina’s Economy Ministry is expected to travel to Washington tomorrow.
Last week, Argentina paid $2.7 billion to the International Monetary Fund “IMF”, paying part of the amount in Chinese yuan to avoid further draining the country of the scarce US dollar.
