Overview
- The country's sovereign risk spread climbed from mid‑year lows to a peak near 649 basis points in early October and has since hovered in the high 500s to 600s, reflecting renewed investor concern about financing and policy credibility.
- The Central Bank slowed net dollar purchases in September to about USD 474 million but restarted heavier buying in early October, collecting roughly USD 632 million in the first eight trading days and bringing year‑to‑date purchases to about USD 14.9 billion.
- Economy Minister Luis Caputo traveled to Bangkok this week and met officials from the IMF, World Bank, US Treasury and IDB to seek financing and investment while publicly exchanging views with IMF chief Kristalina Georgieva on possible early repayment of IMF obligations.
- Domestic governance and social tensions intensified: a planned congressional session on October 15 failed for lack of quorum, blocking debate on DNU 70/2023, and a nationwide university march on October 15 ended in clashes and several arrests.
- Analysts have cut growth forecasts and flagged 14 months of falling registered private employment together with large debt amortization peaks in 2027 as factors that raise refinancing risk and could squeeze households and public services next year.