Argentina Readies $1 Billion Bond Payment Amid IMF Talks
- Government seeks to unlock $3.3 billion disbursement
- Serial defaulter has interest on several notes due Tuesday
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Argentina is set to make a near $1 billion payment to foreign bondholders this week while the government of President Javier Milei continues talks with the International Monetary Fund as he seeks to restore investor confidence in the serial-defaulting nation.
Interest on several hard-currency bonds comes due Tuesday, marking a major test for Milei just a month after he took office promising to overhaul South America’s second-largest economy. Despite being short on cash, the government is expected to make the payments in part by dipping into foreign reserves that got a boost from Milei’s initial shock measures.