“Argentina will pay for it” This is what the President emphasized and reiterated this Saturday afternoon during a radio interview when asked about the impending debt maturities that the government will face in early January. He announced that the implementation of financing and payments would involve Economy Minister Luis Caputo, who had stated days earlier that his portfolio wanted to reduce recourse to Wall Street to satisfy maturities and that a loan from international banks could be the solution.
The government has set two important milestones in political, economic and fiscal matters in the last week: the Senate approved the 2026 budget this Friday, the same day that the Central Bank (BCRA) announced a record purchase of foreign exchange to increase reserves. In addition to the air, the ruling party also managed to comply with two aspects relevant to the International Monetary Fund (IMF), which closely tracks such indicators. As does the country’s compliance with debt maturities.
In this sense, the President expressed confidence in an interview with Radio Miter, in which, among other things, he addressed the timeliness of the next debt maturities that the government will face in early January. “Argentina will pay, it will pay”he emphasized in conversation.
—Are you clear about the method of payment: whether it will be by taking on debt or how? – asked the interviewer.
-The Secretary Caputo will solve itwho understands the value of paying like no other. Argentina will pay its debts, there is no doubt about it,” the president added.
After asserting that debt obligations would be met in January, he pointed to the level of the BCRA’s reserves, which on Friday increased by $596 million in one day, ending the week with a new accumulation record during the Milei administration of $43.61 billion.
“The national parliamentary elections were successful, the ‘Kuka risk’ collapsed and the demand for money began to recover. “We must have some credit for achieving the goals… Another of the impossible things we have undone: We are the government that has bought the most reserves in history, $30 billion,” the president said.
However, the aim of creating reserves must be accompanied by the assumption of debt obligations, which is why, as Milei mentioned, Minister Caputo is working with his Cabinet on various forms of payment implementation, especially with regard to financing. But in addition to increasing reserves in the BCRA, the minister said earlier this week that he was also working on strengthening the local capital market.
Caputo on Tuesday rejected the possibility of issuing foreign-law debt abroad to pay January maturities and proposed a new financing model with funds currently earmarked for the ANSeS to boost Argentina’s capital market and thus reduce dependence on Wall Street.
“The goal is gradually eliminate the country’s dependence on Wall Street. Will we make it? We believe it,” Caputo wrote on his official X account, responding to a user who asked whether there would be a debt problem in New York in January 2026.
On January 9, the government must make principal and interest payments of $4.2 billion to bondholders. After the latest currency sale to contain the dollar and the sale of hydroelectric power plants, the Treasury would have $2.6 billion. And a new REPO loan from international banks would be added: On this last mechanism, the minister indicated that it could be the key to implementing such payments.
“He REPO already assures us that we can (Pay the January debt). But we are working on other alternatives for the future. “We want WS (for Wall Street) to be a marginal source of financing for Argentina (at least government bonds),” Caputo assured in his networks.
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