Argentina unveiled a $1 billion repurchase agreement with five international lenders that will help replenish foreign reserves at its central bank, a key victory for President Javier Milei as he works to stabilize South America’s second-largest economy. The deal, commonly known as a repo, will be in place for two years and four months, the monetary authority said without naming the banks.
January 3, 2025
SOURCE: UK FINANCE
Milei Scores Win With $1 Billion Repo From Five Top Banks