The national government has officially approved guarantees with two key multilateral organizations for a total of 1.75 billion dollars. Through decrees 549 and 550, published in the Official Bulletin, contracts were finalized with the Inter-American Development Bank (IDB) and the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group.
These operations are part of a strategy to cover debt maturities with financing at more accessible rates than the current market. In this context, President Javier Milei had already authorized borrowing up to 5 billion dollars from international banks.
The Central Bank evaluated both initiatives and determined that they will not generate impacts on the current account or the financial account of the balance of payments.
IDB Guarantee for Security and Justice
In detail, the IDB's guarantee of 550 million dollars will support the Proactive Security and Justice Policies program, known as PROSEJUS. This initiative aims to strengthen the security and justice system to reduce impunity in crimes linked to criminal organizations.
Among its main objectives are to improve criminal prosecution, criminal investigation, and the recovery of illicit assets. The Ministry of Finance will act as the implementing authority for this program.
