News of debt crisis

What we learned this week: September 26 to October 3

03-10-2020 09:40 The pick of stories that caught our eye over the last seven days.

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.

Argentina’s ties with China deepen under Fernández

22-08-2020 08:27 Peronist leader leads charge to develop ties with Asian giant, which is now Argentina’s largest trading partner. Trip to Shanghai pencilled in for early November, with business, the pandemic and pork topping the agenda.

by Juan Luis González

A crisis of diagnosis

15-08-2020 11:10 Opposition to judicial reform is not enough – it must be accompanied by calls for state reform.

How Argentina and its creditors reached a deal

08-08-2020 09:43 Agreement with bondholders brings months of negotiations to an end. Here’s how we got here.

What we learned this week: August 1 to August 8

08-08-2020 09:31 Stories that caught our eye over the last seven days in Argentina

What we learned this week: July 25 to August 1

01-08-2020 09:18 The most important stories that caught our eye in the last seven days.

Alberto, Cristina and a sinking economy

25-07-2020 09:45 Macri’s experience suggests that Alberto’s chances of convincing the moneymen that it would be in their interest to lend Argentina a hand right now are close to zero.

by James Neilson

Hernán Lacunza: ‘We can’t reset the economy every four years, as we’ve been doing since 1945’

18-07-2020 08:30 Former finance minister Hernán Lacunza on Argentina’s debt restructuring efforts, the impact of the coronavirus pandemic, inflation and more.

by Jorge Fontevecchia

Beef industry surmounts coronavirus-led disruption of trade

20-06-2020 11:01 Exports overall dropped in the first third of 2020, but overseas beef sales rose more than 10% in the same period, when compared to the previous year.

Coronavirus exhaustion

16-05-2020 07:37 The pesos being injected into the system – an emergency tool that few have questioned domestically and abroad – haven’t purely been used to finance direct consumption of basic goods and services such as food, or absorbed into peso-denominated assets. As is the norm in Argentina, they have found their way into US dollars.

by Agustino Fontevecchia

YPF shifts focus to strengthening finances as debt payments loom

13-05-2020 14:52 State oil and gas company's new CEO tells investors that company will go "back to basics" and cut costs to combat the current crisis.

Data shows businesses in Argentina cutting jobs amid crisis

09-03-2020 08:00 Argentina lost 28,500 private sector jobs in December, the worst monthly decline in four years, according to government data released on Thursday.

Fernández asks private sector to help ‘contain’ inflation in Argentina

05-03-2020 16:01 President urges employers to “contain” price increases, in a effort to stabilise Argentina's runaway inflation rate, which reached 53.8% in 2019.

Bank of America pitches ‘mutually beneficial’ debt restructuring plan

14-02-2020 17:42 Bank of America Corp says it figured out a feasible way to solve Argentina’s debt crisis: Offer so-called pars and discount bonds for foreign-currency investors. For Argentina, it could make financing needs more manageable and reduce debt-to-GDP to 60% in the next decade.

Argentina looks to IMF talks as thaw settles in on both sides

16-01-2020 16:52 Talks between the government and the International Monetary Fund quietly began to get into gear this week, with Argentina seeking a quick renegotiation of the conditions of its US$44-billion loan.

Crunch time is about to arrive

19-10-2019 13:36 For most of the country’s political leaders, trade unionists, businessmen and other influential personalities, the traditional way of doing things is perfectly natural and the ideas they cling to are only common sense.

by James Neilson

No end in sight to Chubut’s debt crisis as workers pay price

12-10-2019 11:23 Driven by crushing provincial debt and economic mismanagement, public workers in Chubut are on strike as they face the second so-called “staggered pay” situation in two years.

by Lucas Robinson

Macri should drop out of the presidential campaign

31-08-2019 00:42 More people might actually vote for Macri if they see he has made a political sacrifice for the common good.

by Marcelo J. Garcia

Lacunza calls for new deadlines for IMF debt repayments

28-08-2019 18:30 In a press conference on Wednesday, the finance minister expressed the government's intent to negotiate a new debt restructuring with the IMF.