The IMF warned the Argentine government about the risks of lawsuits abroad.

The International Monetary Fund ( IMF ) expressed concern about the numerous lawsuits Argentina is facing abroad, which represent an estimated legal risk of US$30 billion according to private projections. While recognizing the government 's efforts in the negotiations, the international organization urged a prompt resolution of these disputes , warning of the moderate medium-term risks they pose to the country and its ability to meet its international financial commitments.

Following the initial review of the agreement signed last April, IMF staff specifically addressed the issue of this contingent debt, which remains under dispute in various international courts. The organization emphasized that, while the government is conducting good-faith negotiations with the plaintiffs, it is crucial that "the pending disputes be resolved" to eliminate the uncertainty these cases generate for Argentina's public finances and the country's macroeconomic stability.

Among the most prominent cases is the lawsuit for the expropriation of YPF , which carries a judgment of US$16.1 billion , representing more than half of the total international contingent liabilities. The IMF clarified that this case is not yet closed, as Argentina has appealed the judgment to the appropriate authorities and is also questioning the amount of the claim, maintaining the hope of significantly reducing the financial impact of this lawsuit, which was initiated after the nationalization of the oil company during the administration of Cristina Fernández de Kirchner.

The organization also highlighted the case of the London GDP Coupon , which already has a final judgment against the country for €1.3 billion, approximately €1.6 billion according to IMF estimates . This ruling, which was upheld after the London Supreme Court rejected Argentina's appeal, arose from the manipulation of growth statistics during the Kirchner administration to avoid paying interest on these coupons, which are linked to the gross domestic product.

Regarding this particular case, the IMF requested that "good faith efforts should continue to secure a swift agreement on the repayment terms of the London judgment," recognizing that this is an already binding obligation that must be met by the Argentine government. The IMF's pressure on this issue reflects the urgency of resolving a dispute that no longer allows for further judicial delays.

The IMF listed three international disputes in which the Argentine government is currently negotiating with creditors, in line with the organization's recommendations for responsible debt management. First, the GDP Coupon in London, where, following the final judgment last October for approximately €1.3 billion, the IMF indicated that the government is negotiating a payment plan that will allow it to honor the obligation without compromising fiscal stability.

Second, there are the 2001 debt holdouts, those creditors who did not participate in the 2005, 2010, and 2016 debt swaps. The IMF estimated that they represent a contingent liability of US$2.4 billion and emphasized that the government is closely monitoring relations with these creditors, seeking to prevent a proliferation of lawsuits.

Finally, there is the Mobil Exploration case, where negotiations continue on a payment plan for the US$196 million adverse judgment the country received from the ICSID, related to the damages that the peso conversion of the early 21st century caused to the oil company's gas business.