After the dollar and country risk, the government asked the IMF to repay its debt maturities

At a press conference of the Ministry of Finance, Lacunza announced 4 concrete steps in this regard:

* Re-profile the maturities of short-term securities such as Letes and Lecaps for institutional investors. This is not the case for natural persons who will receive 100% of their capital and their interests. "Institutional investors will receive full payment of commitments with an extension of 3 to 6 months"

* Re-profiling the maturities of bonds under local jurisdiction.

* Re-profiling of obligations under foreign legislation

* Beginning of Negotiations with the International Monetary Fund (IMF) to rebalance debt maturities With this organization.

Lacunza explained that after the STEP, "a scenario of increased currency stress and increased country risk.The Central Bank has strengthened its strategy to avoid sharp fluctuations and irrational trends in the currency."

But he warned that, despite measures taken to promote stability, "the renewal rate of Lecaps and Letes in pesos and dollars, which had been renewed, fell in the last two calls for tenders to less than 10%, which reflects the lack of interest from investors continue to fund us. "

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