News of debt

Jeffrey Sachs: ‘Argentina needs the continuity of reasonable policies, not heroics’

29-04-2022 16:32 Renowned economist Jeffrey Sachs on Argentina’s IMF debt restructuring deal, the global economic impact of Russia’s invasion of Ukraine and post-pandemic politics.

by Jorge Fontevecchia

Argentina’s US$44-billion debt plan remains unchanged despite shocks, IMF says

26-04-2022 17:19 Targets in recently minted US$44-billion agreement will remain unchanged even as some assumptions of the programme may be revised, says IMF Western Hemisphere Director Ilan Goldfajn.

Argentina's IMF deal fails to revive bonds stuck around 30 cents

29-03-2022 16:56 Argentina's bonds maturing in 2035 are little changed since President Alberto Fernández’s administration reached an agreement with IMF.

Argentina receives US$9.7B after IMF board signs off on debt deal

25-03-2022 20:36 IMF chief Kristalina Georgieva warns that “risks” lie ahead, concedes “early recalibration” of programme may be necessary.

Argentina extends Paris Club talks over US$2 billion to June 30

23-03-2022 14:02 Argentina reaches an agreement Tuesday with a group of wealthy nations known as the Paris Club to finalise by June 30 a repayment programme on US$2 billion of debt. 

Argentina to resume Paris Club talks over US$2-billion debt

22-03-2022 15:50 Argentina is resuming negotiations this week with a wealthy group of nations known as the Paris Club over US$2 billion in outstanding debt as a grace period ends. 

Senate set to open debate on government's IMF bill

13-03-2022 21:25 IMF bill due to reach Senate Budget Committee on Monday, with the ruling coalition wanting it approved by the end of the week.

Fernández de Kirchner hits out at ‘paradoxical’ attack on her Senate office

11-03-2022 16:40 Vice-president and Senate chief expresses dismay at "paradoxical" attack on her Senate office during protests against government's International Monetary Fund debt bill.

Lower house prepares to vote on IMF deal, approval likely

10-03-2022 23:16 Argentina's lower house on track to approve government's deal to restructure its US$45-billion debt with the International Monetary Fund in a session just after midnight; Senate still to vote; Protesters clash with police during demonstrations against deal outside Congress.

IMF-backed subsidy cuts are boon to power producers

10-03-2022 18:10 Energy producers in Argentina are poised to fare best from the agreement with the International Monetary Fund.

Deputies to start debating IMF deal as key week gets underway

07-03-2022 10:23 After months of negotiation between the government and the International Monetary Fund (IMF), Argentina's Congress will finally begin to officially debate a bill outlining the new financing programme this week.

IMF bill reaches Congress to a backdrop of uncertainty

04-03-2022 23:32 Bill outlining agreement between Argentina and the IMF sent to lower house; Doubts persist over support from Kirchnerite lawmakers in ruling coalition; Opposition says it will wait to hear presentation from Guzmán.

Argentina inks US$45-billion staff-level IMF deal in key step

03-03-2022 21:02 Staff-level accord, which includes commitments to narrow fiscal deficit and money-printing while unwinding energy subsidies, will seek to address “persistent” high inflation and public finances.

Argentina says it has overcome energy-fee hurdle in IMF agreement

03-03-2022 15:12 Argentina has hammered out an agreement with the International Monetary Fund over how to handle energy subsidies, presidential spokeswoman Gabriela Cerruti said on Thursday.

President seeks unity ahead of Congress speech, IMF debt bill

25-02-2022 18:12 Alberto Fernández tells Peronist youth that Frente de Todos is “weak” when “divided,” as he seeks to build support for the IMF debt refinancing deal ahead of speech opening new congressional year.

Government publishes decree on budget changes for 2022

22-02-2022 15:35 Government issues decree on Tuesday authorising more local debt issuance this year.

IMF risking its reputation with 'disappointing' Argentina deal, says former Fund official

15-02-2022 13:25 Ex-director of IMF's Western Hemisphere Department criticises "weak" and "disappointing" agreement between multilateral lender and Argentina, warning it is likely to go "off-track."

'Act of good sense' – President praises opposition support for IMF deal

12-02-2022 21:26 President Alberto Fernández praises opposition coalition's support for new IMF financing programme. saying he considered it to be an "act of good sense."

Left-wing demonstrators march to condemn Argentina's deal with IMF

08-02-2022 22:01 Left-wing demonstrators rally in Buenos Aires and call on the government to reject any deal with the International Monetary Fund.

Argentina's government pays IMF US$370 million in debt interest

04-02-2022 23:20 Argentina on Friday paid US$370 million to the IMF as interest on a US$44-billion debt that was rescheduled late last month, officials said.