Argentina's Caputo seeks $1B in new loans from international banks

Argentina's Economy Minister Luis Caputo is negotiating a $500 million credit backed by a $250 million CAF guarantee, with a similar operation expected via Fonplata, totaling around $1 billion. This signals continued reliance on multilateral-backed commercial borrowing amid tight external financing conditions. The move is a modest step to bolster reserves but does not alter Argentina's broader debt dynamics.