World Bank plans up to $2 billion guarantee to help Argentina refinance debt
Apr, 17, 2026 Posted by Gabriel MalheirosWeek 202616
The World Bank Group said on Thursday (16) it is working on a guarantee of up to $2 billion to help refinance “a relevant portion of Argentina’s debt.”
The operation is subject to approval by the World Bank’s Board of Executive Directors, the bank said.
The loan would be mostly backed by the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA), Bloomberg reported earlier.
Argentina’s government signalled its intent to return to international capital markets last year, only to later talk about cheaper ways to access financing, including through multilaterals like the IMF and the World Bank.
Economy Minister Luis Caputo has said that he wants the spread in its international bonds, currently above 500 basis points, to drop closer to 250 bps before tapping international bond markets.
Argentina’s current credit rating, deep into ‘junk’ status, would make it hard to hit that target soon.
Reporting by Rodrigo Campos for Reuters
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