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Argentina Pays $822 Million IMF Interest From Reserves After Payout Delay

An expected IMF disbursement was postponed to January, leaving November foreign-currency maturities uncovered.

Overview

  • The Nov. 3 payment is an interest installment under the refinancing of the 2018 IMF loan and, unlike principal, cannot be pushed to month-end.
  • Gross central bank reserves were reported at about US$40.495 billion before the payment, with a late-week adjustment showing US$39.382 billion.
  • November foreign-currency maturities total roughly US$1.038 billion, plus about US$217 million owed to other multilateral lenders.
  • Banco Central records show Argentina paid US$101.419 billion in interest abroad since late 2015 across the IMF, other multilaterals, public bondholders, and private creditors.
  • Public foreign-currency debt stood at US$251.974 billion as of Sept. 30 and private external debt at US$107.311 billion, underscoring ongoing reserve and servicing pressures.