BLOOMBERG – ANALYSIS Argentina’s inflation surged to 20-year high in March 13-04-2022 21:07 Consumer prices in Argentina rose 6.7% in March, up 55.1% over past year; Rift between top two political leaders hampers inflation fight.
PARIS CLUB DEBT Postponement of Paris Club debt payment gives breathing room 23-03-2022 15:39 Argentina's government has secured an extension of an agreement with the Paris Club group of rich nations that allows it to postpone an imminent payment of about US$2 billion.
DEBT RESTRUCTURING Argentina extends Paris Club talks over US$2 billion to June 30 23-03-2022 14:02 Argentina reaches an agreement Tuesday with a group of wealthy nations known as the Paris Club to finalise by June 30 a repayment programme on US$2 billion of debt.
INTERVIEW / PERIODISMO PURO 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
FOREIGN POLICY 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.
INTERVIEW Guzmán: ‘IMF risks losing legitimacy if Argentina destabilises’ 18-01-2022 14:14 Economy Minister Martín Guzmán discusses ongoing talks with the International Monetary Fund and warns the lender risks losing credibility if it "pushes" the country "into a destabilising situation."
ARGENTINE PONTIFF Pope appoints Martín Guzmán to Pontifical Academy of Social Sciences 28-11-2021 10:28 In the midst of negotiations for to reach a new agreement with the IMF, Pope Francis names Argentina's Economy Minister Martín Guzmán to the Pontifical Academy of Social Sciences.
POST-PASO FALLOUT Guzmán's position as economy minister not at risk, despite PASO defeat 14-09-2021 17:08 Government sources insist that results of PASO primaries show that blame needs to be shared around and assure that economy minister will remain in place. by Fernando Nolé
New government 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.
CORRUPTION & THE COURTS 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.
IMF DEBT TALKS Guzmán discusses IMF debt With US Treasury Secretary Yellen during G20 meeting 10-07-2021 18:53 Economy Minister Martín Guzmán says he had a “valuable” discussion about IMF debt with US Treasury Secretary Janet Yellen.
BRAZIL UNDER BOLSONARO Brazil environment minister resigns amid graft investigation 24-06-2021 09:46 Ricardo Salles announces resignation, just over a month after the Supreme Court ordered an investigation into allegations he was involved in a timber-trafficking scandal.
DEBT TALKS Paris Club says Argentina has committed to IMF deal by next March 23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.
DEBT TALKS 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.
DEBT TALKS 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.
DEBT TALKS Argentina to use Paris Club grace period to further debt talks 31-05-2021 11:04 Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.
CORRUPTION SCANDAL Brazil environment minister probed for timber trafficking 19-05-2021 16:33 Brazil Supreme Court orders investigation into Environment Minister Ricardo Salles, targeting a timber-trafficking ring allegedly involving him and other top officials in President Jair Bolsonaro's government.
DEBT TALKS Paris Club to spare Argentina from US$2.4-billion debt default 14-05-2021 13:58 Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions.
COALITION TENSIONS 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.
THE RUMOUR MILL 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.
Economy Minister interview Argentina has 'valuable support' from European nations for IMF debt talks 19-04-2021 13:44 Economy Minister says that Argentina is making "progress" in its debt restructuring talks with the International Monetary Fund and that the country is receiving “valuable support” from European leaders.
Bloomberg Argentina seeks Paris Club deal amid IMF talks, Guzmán says 18-04-2021 22:18 Argentina is pressing the Paris Club to renegotiate debt as separate talks to strike a deal with the International Monetary Fund drag on, says Economy Minister Martín Guzmán.
GUZMÁN IN EUROPE Guzmán discusses debt with Pope Francis at the Vatican 14-04-2021 12:33 Economy Minister Martín Guzmán met with Pope Francis at the Vatican on Wednesday, the latest stop on his European tour seeking support for Argentina's IMF debt talks.
BLOOMBERG 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.
ECONOMY MINISTER 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.
Bloomberg Guzmán plays down prospects of an early IMF deal 29-11-2020 23:08 In an interview with the Financial Times, Economy Minister Martín Guzmán plays down the chances of an early agreement with the International Monetary Fund over repayment of US$44-billion loan.
BLOOMBERG BlackRock's Fink says Argentina won't soon regain investor trust 06-11-2020 08:15 Blackrock Inc. CEO Larry Fink said Argentina has a long way to go before it can regain investor confidence.
BLOOMBERG Argentina can avoid a devaluation, says Domingo Cavallo 30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.
BLOOMBERG 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.
BLOOMBERG - OPINION 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.
DEBT RESTRUCTURING Argentina exits default after US$65-billion debt deal 07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.
BLOOMBERG Guzmán says Argentina must work to cut bond yields 04-09-2020 17:53 Country must reduce its bond yields before returning to international capital markets in a process that will likely take some time, says Economy Minister Martín Guzmán in interview.
DEBT RESTRUCTURING Guzmán confirms 99% of overseas debt restructured in swap 31-08-2020 17:52 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.
DEBT RESTRUCTURING 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.
DEBT RESTRUCTURING 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.
BLOOMBERG Argentina’s creditors will get better debt deals from provinces 14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.
BLOOMBERG Government seeks to reach new IMF agreement before April 07-08-2020 00:49 Government seeks deal with the International Monetary Fund over a new financing programme before the end of March, in order to renegotiate US$2-billion payment owed to the Paris Club that matures in May.
DEBT RESTRUCTURING DEAL Support – and silence – from opposition economists in wake of debt deal 05-08-2020 00:31 Luis Caputo the most effusive in celebrating the government's deal with creditors, while Hernán Lacunza and Lucas Llach also express support. Alfonso Prat-Gay, the former official who was most critical of the deal, leads the criticism. by Andrés Fidanza
DEBT RESTRUCTURING 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."
DEBT RESTRUCTURING 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.
DEBT RESTRUCTURING 'We resolved an impossible debt,' declares delighted Fernández 04-08-2020 14:19 President Alberto Fernández hails government after officials confirm Argentina has reached an agreement with three major creditors over restructuring of US$66-billion debt.
DEBT DEAL AGREED Government hails ‘significant debt relief’ in accord with creditors 04-08-2020 09:44 Deal involves the Ad Hoc, Argentina Creditor Committee and Exchange Bondholder groups, as well as "certain other significant holders," Economy Ministry confirms in a statement.
DEBT RESTRUCTURING Argentina reaches US$65-billion debt restructuring deal with creditors 04-08-2020 08:59 Government says in a statement that deal with key creditors would provide “significant debt relief.” While it statement didn’t provide a net-present value for the agreement, sources say the deal is worth about 54.8 cents on the dollar.
BLOOMBERG 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.
DEBT RESTRUCTURING 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.
BLOOMBERG Creditors seek international backing on debt clauses 02-08-2020 17:01 Bondholders approach several international organisations, including IMF and US Treasury, to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities.
DEBT RESTRUCTURING Government to seek new IMF plan, regardless of outcome of debt talks 28-07-2020 14:43 Argentina will seek a new programme with the IMF whatever the outcome of talks with bondholders, says Economy minister Martín Guzmán.
DEBT RESTRUCTURING Creditors once again reject government's debt restructuring offer 28-07-2020 14:36 In a letter sent to Economy Minister Martín Guzmán, signed by 30 funds, main bondholder groups reiterate rejection of deal on table and say they hold veto power over any agreement.
BLOOMBERG 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.
council of the americas 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.