President Javier Milei hit back at criticism over the Central Bank's (BCRA) recent financial move, which settled a portion of its swap with the U.S. Treasury using a new international loan.
Through his social media, the head of state stated that those who predicted a failure to meet obligations "erred again" and defended the practice of refinancing maturities as a sign of financial normalization.
Sources at the Central Bank avoided providing details on the rate or term of the new credit but clarified that the funds do not come from the IMF.
This operation follows the previous settlement of debts with the Bank for International Settlements (BIS) in early 2024, which the Executive branch sees as evidence of a "progressive improvement in the Argentine state's solvency".
"Refinancing is not increasing the total debt amount, but paying later," explained Rallo in the video shared by Milei.
According to this view, by maintaining a fiscal surplus, the public debt burden relative to Gross Domestic Product (GDP) continues its downward trend.
The specter of default For the Casa Rosada, the ability to secure this new financing is proof that the market has confidence in the economic program.
"Since mid-2025, they have been waving the specter of default. They erred again," Milei stated.
