The government of Argentina has authorized financing operations of up to US$5 billion with international financial institutions, allowing contracts to be placed under the jurisdiction of New York courts.
The measure was formalized through Decree 478/2026, published in the Official Gazette and signed by President Javier Milei, Cabinet Chief Manuel Adorni, and Economy Minister Luis Caputo.
According to the decree, the objective is “to reduce the Treasury’s financing costs” through U.S. dollar-denominated loans granted by internationally recognized financial institutions and backed by partial guarantees from multilateral lending organizations.
The decree authorizes the Treasury Secretariat and the Finance Secretariat — both under the Economy Ministry — to carry out the operations required to secure the funding. The two agencies are responsible for managing the national public sector’s financial administration system.
Under the new framework, loan agreements may include clauses granting jurisdiction to state and federal courts in New York and waiving sovereign immunity in the event of disputes related to the loans.
