News of debt

Buenos Aires Province reaches debt accord with key holders

21-07-2021 11:52 Buenos Aires Province and creditors reach initial agreement to restructure US$7.1 billion of overseas debt, paving the way for region to emerge from default.

Sergio Chodos: ‘The fundamental thing is to get out of excessive debt’

20-07-2021 17:03 IMF Executive Director of the Southern Cone was a key member of the committee accompanying Economy Minister Martín Guzmán at the recent G20 summit. “The meeting with Janet Yellen was very good,” he reveals, regarding the US Treasury Secretary.

by Leandro Dario

Guzmán discusses IMF debt With US Treasury Secretary Yellen during G20 meeting

10-07-2021 18:53 Economy Minister Martín Guzmán says he had a “valuable” discussion about IMF debt with US Treasury Secretary Janet Yellen.

Buenos Aires Province's creditors raise lawsuit stakes, add trustee to case

02-07-2021 16:34 Buenos Aires Province's creditors have stepped up their lawsuit against the region after talks failed last month to restructure US$7.1-billion in foreign debt.

Massa talks debt and football with Bill Clinton as he wraps up US visit

19-06-2021 09:23 Renewal Front leader holds talks with key Democratic leaders, including Bill Clinton, as he pushes to secure future meeting between Alberto Fernández and US President Joe Biden.

IMF sees US$45-billion deal with Argentina pushed into 2022

19-06-2021 09:20 International Monetary Fund privately estimates that any deal with Argentina will be pushed into 2022 as President Fernández has little incentive to quickly agree a new financing programme.

Argentina to use Paris Club grace period to further debt talks

31-05-2021 11:04 Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.

Germany is the capital of Paris

29-05-2021 11:20 Argentina is an old story for the Paris Club – indeed the oldest story of them all since its very first agreement back in 1956 was with the military regime which had just toppled Peronism.

by Michael Soltys

President talks poverty and pandemic with Pope at Vatican

15-05-2021 11:41 Alberto Fernández’s inner circle hail “excellent” meeting with Pope Francis. Argentina’s debt woes were also on the agenda.

President Fernández holds 'positive' talks with IMF chief in Rome

14-05-2021 14:16 President Alberto Fernández said Friday he was hoping to renegotiate Argentina's debt "as quickly as possible," after talks with the head of the International Monetary Fund (IMF) in Rome.

Fernández kicks off Europe trip as Paris Club debt payment nears

10-05-2021 10:04 Argentina has reportedly asked the Paris Club to allow it to delay upcoming US$2.4-billion payment, due at the end of May, until it has reached an agreement with the International Monetary Fund.

As Castro reign ends, Cuba is mired in a debt debacle once again

27-04-2021 12:39 With hardly enough cash to pay for food imports now as Raúl Castro gives up his last vestiges of power – bringing an end to six decades of Castro family rule – Cuba can’t make good on the debt repayment deals that had been hailed as a sign of its return to the international stage just a few years earlier.

Guzmán heads for Moscow after searching for ‘consensus’ on European tour

17-04-2021 09:16 Economy Minister Martín Guzmán heads to Moscow for talks on vaccine production, IMF debt restructuring and deepening strategic ties.

IMF official says timing of new debt deal depends on Argentina

17-04-2021 09:11 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

Mexico, Argentina urge debt relief for middle-income nations

08-04-2021 11:36 Mexico and Argentina call for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic; IMF open to doing more to support nations hit hard by virus crisis.

Guzmán: IMF credit line deal will not be finalised before May

05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.

What we learned this week: March 20 to 27

27-03-2021 08:57 The pick of the stories that caught our eye over the last seven days in Argentina.

Pay no more revisited

27-03-2021 08:18 The urgent question is whether CFK and Guzmán are on the same team and executing some kind of coordinated play to eventually force a deal with the IMF.

by Martín Gambarotta

Buenos Aires Province weighs next steps after creditor lawsuit

26-03-2021 16:48 Officials say Argentina's largest province is considering what steps to take next to restructure its debt after a group of bondholders sued the province in US courts for more than US$366 million.

Buenos Aires Province sued in US for missed debt payments

23-03-2021 18:56 Creditors submit a legal claim against the province of Buenos Aires in the US District Court for the Southern District of New York.