Argentina to Begin Debt Buyback to Fund Education: Quirno

Argentina has begun negotiations to buy back sovereign debt in order to reduce financing costs and strengthen education investment, Finance Secretary Pablo Quirno announced on X Monday afternoon.

• JPMorgan Chase & Co will assist in the process
• Operation is commonly known as debt-for-education exchange and consists of buying back sovereign debt and replacing it by financing at lower rates using agencies and multilateral organisms: Quirno
• Savings will be destined for long-term education investments

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Manuela Tobias in Buenos Aires at mtobias10@bloomberg.net

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