News of economy minister

Federico Sturzenegger: ‘Once the Central Bank is independent, the planets align’

10-03-2022 15:50 Economist Federico Sturzenegger on his time leading the Central Bank, Economy Minister Martín Guzmán and Argentina’s IMF debt deals in 2018 and 2022.

by Jorge Fontevecchia

United States supports 'a vibrant Argentine economy,' Blinken tells Cafiero

18-01-2022 21:30 Foreign Minister Santiago Cafiero meets with US Secretary of State Antony Blinken in Washington for talks, with the latter describing Argentina as "a friend and partner" of the United States.

Peru's new finance minister says president backs economic agenda

02-08-2021 14:37 Peru’s Finance Minister Pedro Francke , a former World Bank economist, says he has been given assurances from the new government that he’ll be able to implement his economic programme.

Former vice-president Amado Boudou granted parole

23-07-2021 15:33 Argentina’s former vice-president, jailed for crimes related to the irregular acquisition of a major money-printing firm, granted parole after serving two-thirds of his 70-month prison sentence.

Guzmán confirms Argentina has reached deal with Paris Club

22-06-2021 18:04 Economy Minister Martín Guzmán confirms Argentina had reached an agreement with the Paris Club of creditor countries to avoid defaulting on a loan repayment in July.

Argentina plans partial payment to Paris Club, averting default

22-06-2021 16:26 Government will make a partial payment to Paris Club group of creditors to avert default.

Kirchnerites pressure Guzmán over use of new IMF funds

08-05-2021 01:19 Kirchnerite wing of ruling Frente de Todos coalition wants economy minister to deploy new IMF special drawing rights funds in fight against Covid-19.

Question marks over Guzmán’s tenure as economy minister

04-05-2021 22:09 Martín Guzmán’s bid to force out Energy Undersecretary Federico Basualdo – frustrated for now despite counting on the support of President Alberto Fernández – has reignited rumours over the economy minister’s future and exposed infighting among the ruling coalition.

Debt restructuring talks for Buenos Aires Province stall

22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.

Guzmán flies to United States for talks with IMF, investors

18-03-2021 13:00 Economy Minister Martín Guzmán flies to New York for talks with investors. He is due to meet with IMF staff, including Managing Director Kristalina Georgieva, next week.

Government mulling incentives for job growth, says Labour minister

27-10-2020 13:16 Argentina is considering fiscal incentives to encourage companies to hire workers after unemployment spiked to the highest in at least 16 years amid the pandemic, says Labour Minister Claudio Moroni.

El-Erian: Argentina and Ecuador diverge after bond restructurings

11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.

Creditors reiterate support for Argentina’s debt restructuring offer

18-08-2020 16:08 Two of three main bondholder groups confirm they will accede to revised proposal, which was filed with the US Securities and Exchange Commission on Monday.

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.

Creditors 'pleased' with 'preliminary agreement' on debt restructuring

04-08-2020 23:43 IMF chief Kristalina Georgieva welcomes debt deal reached by Argentina and its creditors as a "very significant step."

Economists praise debt deal but warn challenges on horizon

04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.

Argentina, creditors inch closer on US$65-billion debt deal

03-08-2020 17:47 The sides have moved closer over the weekend and are discussing a deal where creditors would receive about 54.8 cents on the dollar, according to three people with direct knowledge of the talks.

Ecuador wins bondholders’ approval for debt restructuring

03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.

Argentina's creditors boost bargaining power with new funds

27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.

Fernández asks creditors for 'understanding' on debt offer

22-07-2020 01:18 Argentina simply cannot pay more than the offer that is on the table, president says during Council of the Americas event.