News of debt

Government to request Extended Fund Facility programme from IMF

14-11-2020 10:26 Guzmán tells reporters Argentina will seek an Extended Fund Facility programme, a scheme that normally implies a commitment to significant economic reforms.

On the verge of another nervous breakdown?

14-11-2020 09:16 More of the usual will generate similar outcomes as we’ve seen in the past: stagflation, polarisation, and a growing bureaucracy. It’s time for our political class to take charge of the situation to avert another disaster.

by Agustino Fontevecchia

As devaluation talk swirls, Argentine traders rush into new bond

02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.

What we learned this week: October 24 to 31

31-10-2020 10:45 The pick of the headlines from the last seven days in Argentina.

Guzmán: 'There will be no devaluation'

24-10-2020 05:44 Economy minister says currency will depreciate ‘hand-in-hand with inflation,’ as blue dollar soars to close at record high of 195 pesos per greenback.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Enough with the bickering – Alberto and Mauricio should meet

17-10-2020 09:05 At an extremely troublesome moment for the world, Argentina is engaging in ridiculous self-inflicted shocks of uncertainty.

by Agustino Fontevecchia

Oxfam says IMF loans force spending cuts that exacerbate poverty

12-10-2020 12:39 The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.

Uncertainty amid the malaise

10-10-2020 09:41 Burning as all these problems are, literally so in the case of the fires and metaphorically in the case of the economic and monetary crisis and the coronavirus pandemic, none of them are really being faced by a government seeking or obsessed with another agenda.

Argentina’s new obsession is watching foreign reserves evaporate

05-10-2020 16:14 At brokerages and banks, the calls come in every day with the same question: How many dollars does the Central Bank actually have?

What we learned this week: September 19 to 26

26-09-2020 09:29 Our pick of the stories from the last seven days in Argentina.

What we've got here is failure to communicate

26-09-2020 09:13 There are at least two major elements to conducting public policy: the construction and execution of successful strategic plans and their communication, in order to generate the correct expectations.

by Agustino Fontevecchia

Argentina’s new bonds plunge deep into distressed territory

21-09-2020 17:11 Argentina’s new dollar bonds have plunged back into distressed territory just two weeks after the nation restructured almost US$65 billion in debt.

Fernandez defends new currency controls as blue dollar soars

19-09-2020 08:25 Economists question wisdom of new Central Bank measures, which hit small savers as well as companies. Blue dollar closes week at more than 140 per greenback.

Creditors overwhelmingly back government’s debt restructuring offer

05-09-2020 10:24 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.

Down with development

05-09-2020 09:39 Alberto and the people surrounding him are determined to solve the country’s socioeconomic problems by levelling down, taking as much as they can from the more productive parts of society and giving it to the millions who rely on handouts.

by James Neilson

Fernández to reboot government's agenda with new announcements

31-08-2020 10:04 President seeks to push agenda beyond the immediate challenges of virus pandemic, with government planning series of announcements related to the economy, debt talks and security.

Protest or PRO test?

22-08-2020 10:10 The uproar surrounding the court system reform is another test of the national government's resolve.

by Martín Gambarotta

Bond traders are already betting on Argentina’s next default

18-08-2020 10:58 In the next few weeks, officials will put the finishing touches on a bond restructuring deal and bring an end to the ninth default in the country’s history. Bond traders are already bracing for the 10th...

Government files official debt offer with SEC, extends deadline

17-08-2020 14:50 Amended debt restructuring offer filed with US Securities and Exchange Commission, extending deadline for investors to accept until August 28.