The Government's new strategy to meet the 2027 Financial Program despite the rise in country risk

The Argentine government is developing a new strategy to meet its 2027 Financial Program objectives in response to rising country risk. The plan involves a potential shift in financing tactics, specifically considering a combination of foreign currency purchases by the Central Bank and increased domestic financing in pesos to offset the higher costs associated with issuing dollar-denominated debt.

This policy adjustment occurs against a backdrop of relative stability in the foreign exchange market. The wholesale dollar recently saw a marginal increase of 50 centavos to reach 1,513 pesos, with the currency showing minimal volatility and a slight decline of 0.4 percent throughout October as the market awaits a significant Treasury debt auction.