Argentina’s country risk, as measured by JP Morgan, fell to 517 basis points on Monday — the lowest level since June 2018. Having a low score, therefore, is key to regaining access to the international debt market. Country risk was close to 2,000 points when Javier Milei took office in December 2023. After striking a deal with the International Monetary Fund (IMF) in April, the Argentine administration seemed bent on avoiding international reserve purchases on the grounds that they believed it would trigger a spike in inflation. Argentina’s access to international markets has been voided since 2018, after the collapse of then-President Mauricio Macri’s first economic program.

Source: Bueno Aires Herald January 26, 2026 19:36 UTC