“The climate crisis is a debt crisis”
All Right Reserved. Buenos Aires Herald
Debt swap
EconomicsEnvironmentSociety
Tango in D.C. calls for IMF-Argentina debt restructure to consider climate
PRO claims the swap risks pension funds and constitutes fresh debt
The Economy Minister will exclude the social security system from the operation if the analysis determines that the exchange is detrimental
The government expects banks to swap between 40 and 45% of their bond holdings
“This is a debt program that deactivates the idea of a bomb,” said Economy Minister Sergio Massa
Officials will meet with banks, insurance companies and mutual investment funds looking to clear March, April, May and June payment deadlines for more than AR$7.5 billion
Government and opposition members accuse each other of destabilizing the economy
The Economy Ministry refinanced its maturities for the first three months of 2023 from AR$4.3 trillion to AR$1.41 trillion in what it considered a “successful” debt swap. The swap, which …
Last Thursday, the Economy Ministry announced a debt swap, or “conversion”, due today, with the goal of postponing bonds maturing in the first quarter of 2023. The initial offer, made …
