News of deficit

Argentina needs to stick to IMF agreement, says minister

11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.

New minister Batakis takes office in an Argentina full of uncertainty

07-07-2022 23:34 Silvina Batakis faces a number of key challenges and decisions; Issues like inflation, the IMF deal, the fiscal deficit and subsidies top her in-tray.

IMF approves Argentina’s US$45-billion deal already facing risks

25-03-2022 16:40 The International Monetary Fund has approved Argentina’s US$45-billion agreement, the final step to cement a deal that’s already facing economic and political challenges. 

IMF board to meet Friday to discuss Argentine debt deal

19-03-2022 18:46 The International Monetary Fund announced Saturday that its board of directors will discuss Argentina’s US$45-billion agreement on March 25, the final step of approval after two years of negotiations.

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.

Senate prepares to debate IMF deal after lower house backs bill

11-03-2022 16:25 Upper house to begin debate on bill on Monday, with government seeking approval before start of following week, when US$2.9-billion maturity is due.

Government asks Congress to speed through passage of IMF deal

08-03-2022 21:17 President Alberto Fernández's government calls on Congress to "speed up" the treatment of its bill to refinance Argentina's US$45-billion debt 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.

Details of the IMF agreement that the government has sent to Congress

04-03-2022 18:22 Agreement foresees Argentina registering inflation of up to 48% this year, economic growth of 4.5% and receiving IMF disbursements of more than US$24 billion until end of 2022.

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.

IMF and Argentina engaged in ‘intense negotiations,’ says Fund official

18-02-2022 20:54 Government wants to send a bill to Congress containing details of a new IMF financing programme “before March,” according to Casa Rosada sources.

Government wants to send IMF deal to Congress before start of March

18-02-2022 01:47 Casa Rosada sources say they hope negotiations with IMF staff over a new financing programme will be completed “in a matter of days.”

Government, opposition tell IMF Argentina is ready to ‘meet its obligations’

12-02-2022 09:59 Rare signs of unity as Frente de Todos and Juntos por el Cambio indicate they will support IMF agreement in Congress; Fund spokesman says staff are working closely with government officials to secure new financing deal "as quickly as possible."

by James Grainger

Sergio Chodos: ‘The 2018 agreement left us Argentines with nothing’

11-02-2022 00:01 Executive Director for the Southern Cone at the IMF explains in detail how the agreement was reached, anticipating some of the fine print and unfolding the government’s economic vision.

by Jorge Fontevecchia

Guzmán seeks IMF support in Russia

04-02-2022 23:01 Argentina seeks Russian support for inclusion in the distribution of the special drawing rights of developed countries at IMF.

IMF chief: No alternative to deal with Argentina

04-02-2022 18:41 IMF Managing Director Kristalina Georgieva warns that there is “no alternative” to Argentina's pending agreement with the Washington-based crisis lender, warning that country’s struggle with inflation and poverty will worsen without a deal.

Resignation throws doubt on Argentina's IMF agreement

02-02-2022 14:11 A dose of uncertainty has been injected into the market after Máximo Kirchner's resignation highlights opposition to IMF deal within the ruling coalition.

Four keys to understanding what was agreed with the IMF

29-01-2022 11:49 The government's flurry of announcements, press conferences and messages of support hasn't answered all the questions.

Guzmán confirms details of Argentina's new IMF debt agreement

28-01-2022 14:15 Under the new deal, Argentina has committed to progressively reducing its fiscal deficit from 3% in 2021 to just 0.9% in 2024.

IMF: 'Understanding' reached with Argentina, more work to be done

28-01-2022 13:55 IMF confirms it has reached a deal with Argentina on massive loan repayment, though the Washington-based crisis lender stresses further approvals are needed before agreement has been saved.