News of default

Martín Guzmán: ‘We want an agreement with IMF before March’

12-11-2021 00:01 Economy Minister Martín Guzmán discusses Argentina's talks with the International Monetary Fund at a crucial moment for the ruling Frente de Todos coalition – just days before the midterm elections.

by Jorge Fontevecchia

Buenos Aires Province to restructure 98% of bonds in debt deal

30-08-2021 16:04 Deal caps Argentina’s most recent round of debt restructurings, after nearly every province reached deals with bondholders over the past 12 months and the national government restructured its own US$65 billion in securities a year ago.

Alejandro Werner, IMF director for Americas, to retire

28-04-2021 17:37 Alejandro Werner, director of the Western Hemisphere Department of the International Monetary Fund, to retire in August.

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 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.

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.

IMF and Argentina find common ground amid CFK's bombshell remarks

26-03-2021 10:02 Argentina and IMF coordinate messaging on principles that could underpin country’s programme, a day after Vice-President Cristina Fernández de Kirchner put the deal in doubt.

Government considers using new IMF reserves for loan payment

26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.

IMF: Argentine team expected to hold loan talks in mid-March

25-02-2021 18:22 Economy Minister Martín Guzmán will visit Washington in mid-March, confirms IMF spokesperson Gerry Rice.

Government officials to meet IMF in Washington in 'coming days'

04-12-2020 13:07 Government officials will meet with staff from the International Monetary Fund (IMF) soon to continue talks on a new aid programme, a Fund spokesman said Thursday.

IMF and Argentina making 'good progress' on new financing plan

22-11-2020 15:13 IMF mission team ends visit to Buenos Aires, saying that talks over a new financing plan are progressing well, with the two sides beginning to “delineate the contours” of a new deal.

IMF: Argentina needs 'credible' plan to overcome crisis

14-10-2020 15:00 Argentina's "top priority ought to be to put in place a credible and comprehensive economic agenda that balances supporting the economy and people," says IMF chief Kristalina Georgieva.

Cafiero confirms government wants to postpone IMF debt repayments

07-10-2020 17:56 In address to Senate, Cabinet Chief Santiago Cafiero confirms government will ask the International Monetary Fund to postpone scheduled repayments on a US$44-billion loan.

IMF says it will send mission team to Argentina in October

24-09-2020 18:50 IMF says a mission team will visit Argentina at the start of next month, as talks over a new financing programme begin in earnest.

Argentina yield curve inverts as forex controls spook investors

23-09-2020 16:36 Less than a month after Argentina’s US$65-billion debt restructuring, bond prices show growing concern the government may struggle to pay its obligations.

Government formally opens debt rescheduling talks with IMF

27-08-2020 02:30 Government formally opens talks with IMF over new terms for repayment of record US$57-billion bailout agreed in 2018 by Macri administration.

Inside the frenetic days that changed Argentina’s debt talks

08-08-2020 09:15 After many months of tension, talks that dragged on for eight months, half-a-dozen deadline extensions, multiple proposals, and tens of hours of online negotiations, a deal has been reached.

Argentina loses bid to throw out US$738-million hedge-fund lawsuit

21-07-2020 22:45 Argentina has lost an attempt to dismiss a UK lawsuit filed by four hedge funds alleging that the country manipulated economic data to avoid making payments for securities linked to its growth.

China will soon come a-calling

04-07-2020 09:25 The coronavirus plague has harmed China’s international reputation, but it has also weakened many developing countries to such an extent that they will find it all but impossible to turn down offers of financial help.

by James Neilson

Argentina aiming to sign new IMF programme in 2020, says Guzmán

28-05-2020 23:30 "It is something that is going to happen in the course of 2020," says Economy Minister Martín Guzmán.

New York lawmakers’ last-minute move may cost Argentina dearly

27-05-2020 15:29 Investors could sue the country for full repayment if debt restructuring discussions turn sour, and that’s when an expensive quirk of New York state law could become a big problem.