The Congressional Budget Office (OPC) of Argentina released data showing a 157.5% increase in local currency public debt for 2024. This dramatic rise contrasts with a 3.4% drop in foreign currency liabilities. The strategy reflects a broader economic policy under President Milei’s administration, focusing on self-reliance and minimizing foreign debt exposure. The surge in local debt indicates a deliberate shift towards domestic financing, aiming to reduce vulnerability to international market volatility.
February 6, 2025
SOURCE: RIO TIMES
Argentina Shifts Debt Strategy: Local Up, Foreign Down in 2024
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