Argentine Finance Minister Luis Caputo (R) said President Javier Milei's administration does not plan to raise money from foreign investors through new international bond sales. File Photo by David Fernandez/EPA
BUENOS AIRES, July 6 (UPI) -- Argentine Economy Minister Luis Caputo announced Monday a financing plan aimed at ensuring the country can meet its public debt obligations through the end of 2027 without returning, for now, to international bond markets.
Speaking at a news conference, Caputo said President Javier Milei's administration does not plan to raise money from foreign investors through new international bond sales.
Argentina has a long history of debt crises, and it has relied on external borrowing for decades to finance fiscal deficits. The Milei administration said it aims to reduce that dependence by relying more heavily on the domestic capital market and financing from multilateral institutions.
"The objective is to refinance maturities at the lowest possible interest rate, as anyone would do with their debts," Caputo said. "Refinancing at a low rate is very important."
