News of debt

Argentina default on foreign currency debt 'imminent,' says Fitch

25-03-2023 09:34 Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave it hovering one level above default.

IMF sees ‘policy setbacks’ in review of US$44-billion deal

13-03-2023 20:01 International Monetary Fund calls on Argentina to make stronger efforts to address foreign reserve losses, galloping inflation and other “policy setbacks” amid a severe drought that’s hitting the commodities sector. 

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.

Argentina seeks fresh IMF approval – and US$5 billion in funds

21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.

Argentina’s bond buyback seems to make little sense

19-01-2023 02:45 It is generally thought that it is better to buy back bonds when they are cheap than when they have just posted a sharp rise, but perhaps Massa knows something we don't.

UCA report puts poverty rate at 43.1%

06-12-2022 14:07 More than 17 million people in the country are poor, according to the latest report by the influential Social Debt Observatory of the UCA Catholic university; Figure would rise to 50% without existing state assistance, concludes study.

Argentina downgraded by Fitch on rising debt repayment risk

26-10-2022 17:14 Nation's credit score cut by a notch to CCC- from CCC as Fitch Ratins agency warns of “highly constrained” external-liquidity position will undermine its ability to repay debt.

‘Doing well’ – IMF chief backs Argentina's course in meeting with president

19-09-2022 17:05 IMF Managing Director Kristalina Georgieva briefs media on “excellent” meeting with President Alberto Fernández; Reiterates praise for Economy Minister Sergio Massa, declaring: “Three ministers, one programme.”

by Rosario Ayerdi

Massa: imagination in power

03-09-2022 13:53 Trips and cuts: Argentina’s new Economy Minister sees his visit to the United States as a milestone of his stewardship.

by Roberto García

Batakis: Argentina will honour economic goals agreed with IMF

11-07-2022 13:34 New Economy Minister Silvina Batakis tells the press that ​​Argentina is “not going to spend more than we have," but experts warn that “seeing is believing.”