Argentina, unviable country.

While politicians debate other no less important issues, such as the growing levels of poverty, inflation of over 120% annually, alarming levels of social violence, and other daily agenda topics, there is an issue that seems to go unnoticed but could jeopardize the short and medium-term future: Private Debt.

Caused by the lack of reserves and the post-dated allocation of import payment dates, the Business sector owes its foreign suppliers more than USD 50 billion (yes, 50 billion dollars) accumulated in approximately one year, which is the period of time in which the new licensing system "SIRA" has been implemented, imposed by the current Minister of Economy and presidential candidate Sergio Tomás Massa.

This amount is higher than the loan granted to Argentina in 2019 by the IMF, which was USD 40 billion, and for which supposedly today, 4 years later, we continue to suffer the harshness of its interests.

This private debt is more than 12% of Argentina's total GDP and is short-term, making it even more violent.

To put it in simpler terms, the total Argentine public debt is 85% of GDP and is mostly long-term. But this private commercial debt, contracted in just 12 months, through semi-legal measures to maintain the welfare state, is super short-term and puts Argentine importers' commercial relationships and market supply at risk in a very worrying way.

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