Argentina’s external debt reaches US$275.093 billion in Q1 2023

Argentina’s foreign debt reached US$275.093 billion in the first quarter of the year, marking a year-on-year increase of approximately US$700 million, according to data released by the National Institute of Statistics and Censuses (INDEC) on Thursday.

Most of the debt is attributed to the general government, which holds commitments amounting to US$158.638 billion, consisting of debt securities and loans.

The Central Bank (BCRA) also holds debt of US$28.744 billion.

Within the general government’s financial obligations, the largest portion, around US$101.4 billion, is denominated in U.S. dollars, while US$46.045 billion is in Special Drawing Rights (SDR), the International Monetary Fund (IMF) currency.

As for the central government’s commitments total US$145.92 billion, with $77.357 billion stemming from loans provided by international organizations.

The IMF, Inter-American Development Bank (IDB), International Bank for Reconstruction and Development (IBRD), and CAF-Development Bank of Latin America are among the main creditors listed by INDEC.

Furthermore, other financial obligations of the central government, estimated at US$63.119 billion, pertain to holders of debt securities, as highlighted by INDEC.

In terms of the Central Bank’s commitments, approximately US$21.9 billion represents loans, while US$6.827 billion relates to SDR allocations provided by the IMF, as reflected in the data.

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