Overview
- Luis ‘Toto’ Caputo is negotiating a bank loan backed by international guarantees after the IMF told Argentina to lift reserves by about 8 billion dollars.
- Wall Street participants say the country’s risk premium is likely to move sideways and view 2027 debt rollovers as the key worry even if 2026 financing closes.
- Official central bank data show severe household stress, with delinquency on consumer loans in Greater Buenos Aires at 18.4% in December 2025, up from 4.9% a year earlier.
- President Javier Milei is set to speak at the Milken Institute Global Conference in Los Angeles, and no meeting with President Donald Trump has been confirmed.
- External shocks are adding uncertainty as Iranian leaders harden talk over the Strait of Hormuz, threatening oil flows and import costs, and the U.S. Justice Department seeks the extradition of Sinaloa’s governor on cartel charges.