Argentina's external debt increases by US$ 482 million in the second quarter

The President of Argentina, Alberto Fernández, and the Minister of Economy, Sergio Massa | Photo: EFE/Juan Ignacio Roncoroni

Argentina’s external debt remained high in the second quarter of the year. According to data published this Thursday (19) by the National Institute of Statistics and Censuses (Indec ), the total “stock” of Argentina’s gross external debt with debt securities at nominal value was US$ 89,653 billion at the end of the second quarter, US$ 274 million more than in the first three months of the year.

However, Argentina’s accumulated gross external debt, measured at market value, was US$ 84,0 billion at the end of the sixth month of the year, US$ 341 millions less than in the first quarter of 1563.

The public debt is composed of US$ 60,600 billion in loans and US$ 64,

billion in debt securities at face value, but with a market value of US$ 21, billion, which is a testament to the low market valuation of the sovereign obligations of Argentina.

The government of President Alberto Fernández signed an agreement with the IMF at the end of March to refinance debts of more than US$