Argentina unveils debt‑payment roadmap through 2027

On Monday 6 July the Argentine Treasury will present a financial program that maps out how the government will meet its dollar‑denominated debt obligations for the remainder of 2026 and all of 2027. The plan is intended to cover the imminent $4.3‑$4.4 billion payment to private bondholders scheduled for 9 July and to provide a “conservative” framework – described by Finance Secretary Federico Furiase as a “very conservative financial program” – that builds cash buffers in 2026 to ensure ample margin for the 2027 election year.

Financing will come from several sources: domestic dollar‑bond issuances (two series capped at $2 billion each for 2027 and 2028), renewal and extension of central‑bank repo lines (US$6 billion extended to September 2028), and multilateral guarantees from the World Bank and the Inter‑American Development Bank covering $1.75 billion of private‑sector loans. The government also highlighted its recent accumulation of US$11 billion in foreign‑exchange reserves and its “hyper‑shielded” stance against speculative attacks.

By demonstrating that the financing is “completely closed” for both 2026 and 2027, officials hope to sustain the recent fall in Argentina’s country‑risk spread to around 415 basis points and reassure investors ahead of the 2027 presidential election.