Argentina seeks $34B foreign debt authorization by 2027, caps at 18%

Argentina's government has requested congressional authorization to borrow up to US$34 billion in foreign currency by 2027, with a cap of 18% of total debt. The economy ministry will only tap external markets if interest rates and country risk decline, while issuing US$11 billion in local bonds in the interim. This signals a cautious approach to external financing amid high country risk.