Overview
- Decree 924/2025, published in the Official Gazette, approves a financing agreement with Crédit Agricole CIB to purchase light naval helicopters exclusively for the Argentine Navy.
- The loan totals €71,676,175.26 with SACE export‑credit guarantee and SIMEST participation, structured in two tranches and repaid over 138 months.
- Reporting identifies four Leonardo AW109 GrandNew helicopters as the planned acquisition to restore embarked maritime surveillance capacity.
- The contract is governed by English law with a partial sovereign‑immunity waiver, cross‑default provisions, and a restriction on transfers to so‑called vulture funds.
- The Central Bank and the Public Credit Office assessed limited macro impact and favorable cost, with Defense executing via the Navy and Economy allowed only non‑substantive operational changes.