Argentina, in its quest to renew its submarine fleet, has undertaken an ambitious negotiation to acquire three Scorpene-type submarines, manufactured by Naval Group. However, considerable financial obstacles complicate this acquisition. Let's go back to the details of this transaction, the strategic issues and the financial challenges that Buenos Aires faces.
Why Scorpène submarines for Argentina?
The Scorpene is a diesel-electric submarine designed to meet the needs of modern navies. With a length of 66 meters and diving capacity up to 350 metersit is armed with heavy torpedoes and anti-ship missiles. Its air-independent propulsion (AIP) system allows for increased autonomy underwater, making this submarine ideal for discreet missions.
Strategic advantages:
- Strengthening maritime sovereignty : Argentina, with its 4,700 km of coastline, seeks to protect its territorial waters and fishery resources against illegal fishing.
- Deterrence and power projection : The possession of modern submarines represents a strategic weapon in the South American region.
Financial challenges: a major obstacle
The Argentine economy, already weakened by recurring crises, makes the implementation of a contract of this magnitude complex. According to sources close to the matter, the transaction would amount to approximately 1.5 billion euros. However, banks require solid guarantees which Argentina struggles to provide.
Financial details:
- Fault histories : Argentina's reputation as an international borrower is marred by multiple flaws.
- Warranty issues : Financial institutions demand tangible assets or pre-allocations of natural resources such as lithium or gas.
- Support from COFACE (credit insurance) : Despite the risks, the French export credit agency could play a crucial role in facilitating this sale.
Geopolitical issues and regional pressure
Argentina's decision to modernize its fleet comes against a tense regional context. Its neighbors like Brazil are investing massively in their armed forces, particularly with the nuclear submarine program. Furthermore, Argentina must also deal with international actors interested in its strategic resources.
Impacts on national sovereignty:
- The use of international credits can expose Buenos Aires to economic or political pressure.
- The terms of the transaction, in particular reimbursement in kind via natural resources, are causing debate within the country.
| Features | Values |
|---|---|
| Length | 66 meters |
| Ability | 30 crew members |
| Armes | Heavy torpedoes, Exocet missiles |
| Maximum depth | 350 meters |
| Autonomy | Up to 50 days with AIP |
As discussions continue, this acquisition reveals Argentina's ambitions and challenges. Will it succeed in overcoming financial obstacles and reaffirming its strategic presence? The future of its fleet will depend not only on this transaction, but also on its ability to reestablish its economic credibility on the international scene. The current negotiations, marked by internal and external tensions, illustrate the balance complex to maintain between military development and economic constraints.
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