Argentina’s country risk hits its highest level in 11 months
The Milei administration’s economic challenges have begun to outweigh a favorable international backdrop as Argentina approaches the pre-election period La entrada Argentina’s country risk hits its highest level in 11 months se publicó primero en Buenos Aires Herald .
Argentina's country risk has reached its highest level in 11 months, causing concerns among investors holding Argentine government bonds. This is due to two main factors: the unclear sources of financing the government of Javier Milei will rely on to meet next year's debt payments, and the uncertainty surrounding Milei's reelection chances.
Milei's administration will face debt maturities of nearly US$25 billion in 2027, with US$12 billion owed to private bondholders and US$7.5 billion to the International Monetary Fund. The country risk, measured by JPMorgan's EMBI+ index, has risen to 684 basis points, the highest level since November 2025. Analysts believe the market is now assessing Argentina's ability to secure the dollars needed in 2027, rather than its fiscal surplus.
Economy Minister Luis Caputo is under scrutiny for his financing strategy, with investors closely watching potential alternatives like currency swaps with China. The political uncertainty deepened, as Milei seeks reelection in October 2027, and the Peronist opposition considers a united ticket to strengthen their stance in the election.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Argentina’s country risk hits its highest level in 11 months buenosairesherald.com
