News of billion

IMF and Argentina making 'good progress' on new financing plan

22-11-2020 15:13 IMF mission team ends visit to Buenos Aires, saying that talks over a new financing plan are progressing well, with the two sides beginning to “delineate the contours” of a new deal.

Peronist senators amp up rhetoric with scathing letter to IMF chief

16-11-2020 18:05 With government in talks over new financing programme, senators from ruling Frente de Todos coalition fire off letter to IMF chief Kristialina Georgieva demanding organisation “refrain from conditioning economic policy.”

IMF to launch talks on new loan for Argentina in November

12-10-2020 12:23 The International Monetary Fund says in a statement it will initiate talks with the government on a new rescue package in mid-November.

Cafiero confirms government wants to postpone IMF debt repayments

07-10-2020 17:56 In address to Senate, Cabinet Chief Santiago Cafiero confirms government will ask the International Monetary Fund to postpone scheduled repayments on a US$44-billion loan.

IMF sounds debt warning as it offers rethink on restructurings

01-10-2020 15:17 IMF sounds a warning over rising global debt levels and proposed reforms to the debt-restructuring process for countries that struggle to meet their obligations.

IMF says it will send mission team to Argentina in October

24-09-2020 18:50 IMF says a mission team will visit Argentina at the start of next month, as talks over a new financing programme begin in earnest.

Government formally opens debt rescheduling talks with IMF

27-08-2020 02:30 Government formally opens talks with IMF over new terms for repayment of record US$57-billion bailout agreed in 2018 by Macri administration.

YPF posts US$1.1 billion loss for second quarter

11-08-2020 22:11 State oil company confirms losses totalling 85 billion pesos (US$ 1.105 billion) in the second quarter of the year.

Argentina secures US$4-billion loan from Development Bank of Latin America

06-05-2020 17:58 The government has confirmed that it has secured a US$4-million loan from the Development Bank of Latin America (CAF) to assist its efforts to tackle the coronavirus pandemic.

I'm a small business owner in the US – will I get a coronavirus bailout too?

01-05-2020 12:16 The US government’s US$350-billion loan fund has run dry – yet many big businesses have been awarded millions.

by * Reprinted with kind permission from the author.

Pandemic to disrupt US$160 billion of debt talks – including Argentina's

23-03-2020 07:00 Coronavirus crisis threatens to complicate matters for several of the world’s most indebted nations, potentially disrupting the restructuring of some US$160 billion in international bonds.

IMF rejects Maduro's bid for emergency US$5-billion loan to fight virus

18-03-2020 10:18 Fund says request can't be considered because there was no clarity among its 189 member states on who it recognises as Venezuela's rightful leader: Nicolás Maduro or Juan Guaidó.

Argentina gets IMF’s seal of approval to hit bondholders hard

20-02-2020 13:07 The Fund just gave the government the backing it needed to hit its bondholders with a significant haircut.

IMF says Argentina's debt burden is 'unsustainable'

19-02-2020 18:27 Review by International Monetary Fund mission team paves the way for the government to ask private bondholders to take on losses, as it prepares to renegotiate its obligations.

IMF mission team extends Buenos Aires trip to full week

11-02-2020 08:39 Spokesperson for the International Monetary Fund confirms that mission team will stay full week in Argentina, longer than three days originally planned, with talks over nation's debt burden set to enter crucial stage.

by James Grainger

IMF chief says Fund remains committed to Argentina

10-12-2019 23:27 Kristalina Georgieva says International Monetary Fund remains committed to Argentina as President Alberto Fernández is sworn in as new leader.

Inflation at 57.3%, economy to shrink 3.1% – IMF revises 2019 forecasts

15-10-2019 13:40 Fund confirms Argentina's economy shrank by 2.5% in 2018 and predicts inflation will hit 39.2% in 2020.

Government says it has met targets to receive more IMF money

30-09-2019 17:58 “Argentina, as I’ve said many times, has complied with all targets required for this disbursement to happen,” says Central Bank chief Guido Sandleris.

Lagarde: IMF did 'best we could' given Argentina's 'difficult situation'

25-09-2019 12:55 Former IMF managing director and soon-to-be European Central Bank chief says the IMF is often unfairly blamed when things go awry.

IMF: We will continue to support Argentina in its 'difficult situation'

24-09-2019 20:31 IMF acting chief David Lipton said he had "a constructive meeting" with President Mauricio Macri, Finance Minister Hernán Lacunza and Central Bank Governor Guido Sandleris in New York on the sidelines of the United Nations General Assembly.