Overview
- The national government and the City of Buenos Aires agreed Monday to cancel roughly 800 billion pesos in delayed transfers, using a portfolio of seven‑month government bonds.
- The payout covers arrears that built up after weekly transfers slowed from July 2025 despite a September 2024 schedule set to comply with a 2022 Supreme Court order.
- Officials stressed that this agreement excludes the City’s separate claim over the 2020 cut to its share of federal funds, a dispute the City estimates at about US$6 billion.
- The talks were led by Economy Minister Luis Caputo and Secretary Carlos Guberman on the national side, with Jorge Macri and his team for the City, in a negotiation shaped by PRO–La Libertad Avanza rivalry in the capital.
- In parallel, the government secured a Senate committee sign‑off and a new June 30 deadline to ratify a US$171 million settlement with 2001 holdouts, after an adenda updated bond lists without changing the total payment.