News of economy minister

DEBT RESTRUCTURING

IMF hails 'productive' meeting with Guzmán, as minister faces creditors

25-02-2020 08:54 Economy minister says Argentina is facing "a critical moment" ahead of meeting with private creditors and bondholders in Washington on Tuesday.

DEBT TALKS

Guzmán flies to United States after meeting US Treasury chief

24-02-2020 15:48 Economy Minister Martín Guzmán held a "productive" meeting with US Treasury Secretary Steve Mnuchin on the sidelines of the G20 summit of finance ministers in Saudi Arabia on Sunday.

Bloomberg

Hedge funds join forces to prepare for Argentina debt talks

14-02-2020 19:06 Monarch Alternative Capital LP is spearheading a group of hedge funds organising ahead of debt restructuring talks with Argentina, according to Bloomberg.

DEBT RESTRUCTURING

Guzmán warns of ‘deep debt restructuring’ in address to Congress

13-02-2020 00:32 “It’s necessary to have a deep debt restructuring,” says minister during congressional hearing, where he provided his most detailed comments about debt strategy since taking office in December.

Bloomberg

Diplomatic dance: Solá heads to Brazil for meeting with Bolsonaro, Araujo

12-02-2020 08:15 Foreign minister hoping his Brazilian counterparts are also looking to turn a page, as region's top economics seek to heal diplomatic wounds.

IMF TALKS

IMF team set for Argentina in February after 'positive' talks with Guzmán

28-01-2020 23:38 Economy Minister Martín Guzmán holds "very productive" talks with officials from International Monetary Fund in New York, as Argentina looks to stretch payment terms of its US$44-billion credit-line.

Bloomberg

Economist Stiglitz sees ‘significant haircuts’ for Argentina's debt

21-01-2020 12:03 “The reality is there will have to be significant haircuts,” says economist in interview at the World Economic Forum in Davos.

FERNÁNDEZ'S FIRST MONTH

Fernández walks tightrope as he celebrates first month in office

09-01-2020 20:00 A month into his presidency, Peronist leader has embarked on an ambitious and risky juggling act in a bid to drag Argentina out of its worst economic crisis in almost 20 years.

Ley de Solidaridad

Cafiero: Government will approve emergency economic measures today

23-12-2019 17:23 "The enactment will be today," says Cabinet Chief.

INTERVIEW

Argentina is in 'virtual default,' declares President Fernández

23-12-2019 08:53 "It is not the same as 2001, but it is similar," Fernández said in an interview with TV programme La Cornice. "Today we are in virtual default."

BLOOMBERG – ANALYSIS

Fernández secures sweeping powers to conduct debt talks

22-12-2019 22:29 President will now have more authority to negotiate with creditors, raise worker salaries and hike taxes. Government secured passage with concessions including lower export taxes on oil, gas and mining, and tax relief for small farmers.

NEW CABINET

Meet Martín Guzmán, Argentina's next economy minister

09-12-2019 14:07 New economy minister, who is close to Nobel-Prize-winning economist Joseph Stiglitz, is seen as a critic of the International Monetary Fund.

CORRUPTION & THE COURTS

Boudou acquitted and convicted in unified trial over car purchases

29-08-2019 17:15 Former vice-president handed three-year suspended sentence for supplying false data for purchase of car, but is cleared of irregularities in the buying of 19 high-end vehicles dating back to when he led Economy Ministry.