IMF DEBT TALKS Guzmán expects new program with IMF in March or April 2021 10-12-2020 02:11 Economy Minister Martín Guzmán says talks with the IMF will still "take a while," hinting a deal would be likely in March or April next year.
economy Government officials to meet IMF in Washington in 'coming days' 04-12-2020 13:07 Government officials will meet with staff from the International Monetary Fund (IMF) soon to continue talks on a new aid programme, a Fund spokesman said Thursday.
Bloomberg Guzmán plays down prospects of an early IMF deal 29-11-2020 23:08 In an interview with the Financial Times, Economy Minister Martín Guzmán plays down the chances of an early agreement with the International Monetary Fund over repayment of US$44-billion loan.
IMF DEBT TALKS 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.
IMF DEBT TALKS 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 DEBT TALKS Argentina will ask IMF for Extended Fund Facility programme, says Guzmán 09-11-2020 21:55 Government will ask IMF for an Extended Fund Facility (EFF) programme as part of the government's efforts to delay repayments on the US$44 billion it owes, Economy Minister Martin Guzman confirms.
IMF DEBT TALKS IMF to launch talks with Argentina over new loan next week 06-11-2020 18:27 IMF confirms mission team will arrive in Argentina to start talks with the government over a new financing programme next week.
TALKS OVER IMF PROGRAMME IMF: Argentina needs 'credible' plan to overcome crisis 14-10-2020 15:00 Argentina's "top priority ought to be to put in place a credible and comprehensive economic agenda that balances supporting the economy and people," says IMF chief Kristalina Georgieva.
IMF DEBT TALKS 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.
SENATE ADDRESS 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 TEAM IN TOWN IMF vows not to put 'pressure' on Argentina over loan 07-10-2020 00:52 Kristalina Georgieva says IMF has "no intention of putting pressure on Argentina at this time," as negotiators from Fund arrive in Buenos Aires for talks.
IMF DEBT TALKS IMF team arrives in Argentina with Fernández seeking deal ASAP 05-10-2020 10:07 President Alberto Fernández says he’s seeking an agreement with Fund “as soon as possible,” in order to "clear up any doubts.”
Bloomberg Google will pay publishers for news content to avoid regulation 01-10-2020 15:24 Alphabet Inc.’s Google will start paying select media outlets to display curated content on its news app in a concession to the industry which has accused the search engine and other tech giants of unfairly using content for years.
BLOOMBERG 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.
New financing programme 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.
IMF DEBT TALKS Guzmán: Argentina wants IMF deal with no payments until 2024 13-09-2020 22:50 Economy minister says Argentina wants to delay all IMF loan repayments until 2024 at the earliest in interview with La Nación.
debt talks IMF in 'initial stages' of Argentina loan talks: official 10-09-2020 18:27 The IMF is in the early phase of talks with Argentina over a new financing programme, and is gathering information on how best to help the country, confirms spokesperson.
Bloomberg Argentina won’t seek fresh IMF funding in upcoming talks 27-08-2020 22:48 Argentina's representative to IMF, Sergio Chodos, says country won't seek fresh funding during talks over new financing programme.
IMF DEBT TALKS 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.
STATE OIL FIRM 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.
DEBT RESTRUCTURING IMF backs Argentina's debt offer, saying only 'limited scope' to improve it 01-06-2020 15:21 IMF makes another public push to support the government’s debt restructuring offer, saying there's here’s little room to further increase payments to private creditors.
DEBT RESTRUCTURING TALKS Argentina aiming to sign new IMF programme in 2020, says Guzmán 28-05-2020 23:30 "It is something that is going to happen in the course of 2020," says Economy Minister Martín Guzmán.
DEBTORS & CREDITORS IMF ‘stands ready to help Argentina’ through ‘difficult times’ ahead 09-05-2020 07:57 Fund spokesperson Gerry Rice ‘hopeful’ deal can be reached with creditors to avoid default.
Coronavirus pandemic 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.
UNITED STATES 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.
BLOOMBERG – ANALYSIS Argentina makes opening move in debt talks 17-04-2020 01:12 The highlights: a three-year moratorium, a 62 percent reduction in interest payments and a five-percent cut in the value of the principal.
Argentina & the IMF IMF to hold remote consultations with Argentina amid coronavirus pandemic 03-04-2020 11:21 The government announced this week that it intends to seek a new IMF programme that will allow the existing one to be refinanced until the country can tap debt markets again. The IMF’s normal yearly check-up, an Article IV review, will now likely take place remotely.
Coronavirus pandemic More than one billion told to stay home worldwide over virus 23-03-2020 11:25 Some countries have imposed mandatory lockdown measures, while others have issued stay-at-home recommendations to stem the spread of the virus.
Bloomberg 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.
Coronavirus pandemic 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.
IMF's intervention Venezuela requests US$5 billion from IMF to fight coronavirus 17-03-2020 20:49 President Nicolás Maduro requests US$5 billion from the International Monetary Fund. Venezuela’s health system is ranked among the worst in the world in its capacity to tackle a pandemic.
Bloomberg IMF ready to mobilise US$1-trillion loan capacity to tackle virus 16-03-2020 16:12 IMF Managing Director Kristalina Georgieva calls for global coordination on monetary, fiscal and regulatory support amid coronavirus crisis.
DEBT RESTRUCTURING Government proposes US$69-billion debt restructuring plan 10-03-2020 08:15 With Decree 250/2020, government confirms proposal to restructure US$69 billion of public debt.
BLOOMBERG 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.
DEBT RESTRUCTURING 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.
DEBT RESTRUCTURING Debt talks with IMF begin in Buenos Aires 13-02-2020 10:11 About 6,000 people demonstrated in front of Congress in Buenos Aires on Wednesday, shouting "IMF get out!" as negotiations over debt restructuring begins in earnest.
DEBT RESTRUCTURING Protesters set to rally as IMF arrives for debt restructuring talks 12-02-2020 08:41 Demonstrators will take to the streets of the capital this afternoon, as IMF officials arrive in Buenos Aires and Economy Minister Martín Guzmán presents his fiscal plan before Congress.
Bloomberg IMF heads to BA for talks with poker-faced Fernández 11-02-2020 09:01 President Alberto Fernández has likened renegotiating the nation’s debt load to playing poker – but this week, he'll finally have to show some of his cards.
FUND CONFIRMS 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
PRESIDENTIAL HANDOVER 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.
IMF CREDIT-LINE Fernández says he won't seek remaining US$11 billion from IMF 26-11-2019 19:29 President-elect says he will not seek disbursement of the remaining US$11 billion of Argentina's record US$57-billion credit-line with the International Monetary Fund.
BLOOMBERG Fernández planning simultaneous debt talk with IMF and private bondholders 26-11-2019 13:24 President-elect's team believes holding simultaneous debt negotiations with private bondholders and the IMF will smooth the way for a better deal.
TRANSITION 2019 IMF says it's 'ready to engage' with Alberto Fernández 07-11-2019 20:06 IMF spokesman says Fund is ready to talk to president-elect and his team, but says no meeting is planned.
ECONOMIC INDICATORS 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.
Bloomberg 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.
PAYMENTS Difficult to find 'quick path forward' for Argentina, says IMF 26-09-2019 15:21 IMF officials refused to say Thursday when it will disburse last US$5.4 billion of loan to Argentina that was originally planned for mid-September, as reports suggest World Bank and Inter-American Development Bank may also delay payments.
ARGENTINA & THE IMF New IMF chief meets briefly with Finance Minister Lacunza 26-09-2019 09:29 "I look forward to working with the authorities when I assume my duties on October 1. Argentina is an important member of the IMF and we want it to do well," Kristalina Georgieva posts on Twitter after meeting Finance Minister Hernán Lacunza.
BLOOMBERG IMF’s Lipton says relationship with Argentina ‘may have to wait’ 25-09-2019 15:27 "Argentina’s situation right now is extremely complex," Acting IMF head tells Bloomberg.
BLOOMBERG 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 CREDIT-LINE 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.