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LatinNews Daily - 24 October 2019
In brief: Argentina reassigns US$40bn to its debt payments
* The Argentine government has reassigned budget allocations worth an estimated US$40bn for the purpose of taking out short-term loans from state organisms just a few days before the country’s general election. The country is “reassigning” its outstanding amounts of public credit to “a minimum repayment term of 90 days…[without]…altering the total amount authorised” a statement said. The authorisations the country previously had for taking loans at 180 days will be shifted to 90 days, thus the country will receive an increase of 301% in borrowed money from US$5.80bn to US$23.30bn.
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- In brief: Argentina reassigns US$40bn to its debt payments