News of bank

IDB predicts 'difficult' 2023 for Latin America

20-03-2023 10:49 Latin America and the Caribbean will experience a "difficult" 2023 with barely one percent growth due to global uncertainty, Inter-American Development Bank warns.

Panic in Silicon Valley

18-03-2023 03:12 The global economy has stepped on another landmine. Increased instability will hurt Argentina, as it did after 2008.

by Agustino Fontevecchia

Government swaps US$21.7 billion of debt, easing default fear

09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.

Argentina to swap peso debt to ease US$35-billion default fear

07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.

Billionaire-backed Ualá launches ‘star product’ in Mexico

14-02-2023 14:35 Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering credit cards in Mexico through its alliance with ABC Capital.

Argentina is buckling under strain of US$174-billion debt mountain

10-02-2023 14:36 Cut off from global credit markets, Argentina’s government is selling ever more local currency bonds, amassing a debt load that already totals 33 trillion pesos and is rising almost exponentially.

IMF presses Argentina on targets, forecasts 2% GDP growth for 2023

01-02-2023 15:14 International Monetary Fund officials reiterate importance of hitting fiscal and monetary targets; Lender’s forecast for 2022 growth now 4.6%, with Argentina’s economy expected to grow by just 2% this year.

Brazil and Argentina are discussing whether to combine currencies

23-01-2023 09:31 Argentina and Brazil are in the preliminary stages of renewing discussions on forming a common currency for financial and commercial transactions, the leaders of the two nations reveal.

Economy can grow above 3% while slowing inflation, says Massa

08-01-2023 22:37 Economy Minister Sergio Massa says Argentina can record growth of 3% in 2023 in a feature-length interview with Perfil newspaper.

2022: the errors of the economists

29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions

by Gustavo González

Argentina sees inflation bouncing back slightly in December

15-12-2022 16:58 Argentina’s Central Bank forecast monthly inflation to accelerate slightly in December on seasonal effects but that won’t derail a disinflation process expected for the country during early 2023, a top policymaker said.

Fintech firm Ualá to start giving personal loans in Mexico

05-12-2022 17:06 Ualá will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital.

Massa team on alert amid accelerating Central Bank reserves sales

22-11-2022 16:53 Argentina’s Central Bank had to sacrifice almost US$200 million in operations on the foreign exchange market last week.

Qatar – catharsis or the opposite?

18-11-2022 00:13 Argentina’s main risks currently lie in peso rather than dollar debt since obtaining rollovers from the IMF seems to be pushing at an open door. In contrast, peso bonds and the resulting quasi-fiscal deficit cannot be underestimated as prime causes of swelling the peso demand for the dollar.

Brazil Central Bank veteran wants to curb politics at the IDB

15-11-2022 20:15 Ilan Goldfajn says Inter-American Development Bank said the institution needs to overcome the region’s historic left-right political conflicts to address challenges from poverty to climate change.

Argentina nominates Cecilia Todesca Bocco for IDB chair

14-11-2022 14:09 Argentina’s government proposes International Economic Relations Secretary Cecilia Todesca Bocco as its pick for the next head of the Inter-American Development Bank (IDB/BID).

Tourists pay with wads of cash as inflation nears 100%

27-10-2022 16:04 Paying with cash is becoming increasingly cumbersome in Argentina as inflation gallops toward 100%. 

Qatar and Coldplay: Argentina multiplies its exchange rates

13-10-2022 01:43 The 'dólar Catar' and 'dólar Coldplay' were added to Argentina's exchange control jargon on Wednesday.

Argentina slaps new taxes on concerts, travel before World Cup

12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.

Massa seeks more dollars, betting everything on 2023

07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.