News of fiscal

Economy Ministry to halt Central Bank advances until end of 2020

03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.

BLOOMBERG

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

IN FOCUS

Economy Ministry takes steps to relieve pressure on currency markets

21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.

BLOOMBERG – OPINION

Bolsonaro’s addiction to Covid cash could make Brazil go bust

07-10-2020 16:12 Brazil President Jair Bolsonaro's populist push already has some investors smelling fiscal disaster.

by Mac Margolis

Budget proposal

Fernández's first Budget projects 5.5% growth in 2021

16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.

DEBT RESTRUCTURING

Argentina's joust with bondholders likely to drag on beyond Friday

07-05-2020 12:43 Battle of attrition between Argentina and international creditors over restructuring US$65 billion in debt is likely to continue unabated past a Friday deadline, analysts say.

Bloomberg

Shale driller Vista Oil & Gas cuts executive salaries amid hopes of rebound

01-05-2020 12:53 Vista Oil & Gas, a model of the independent drillers in Argentina's burgeoning shale fields, has cut compensation for senior management by 40 percent while trying to overcome the oil crisis.

Bloomberg

Economist Jeffrey Sachs praises Argentina's debt offer, says offer is ‘realistic’

29-04-2020 13:19 Argentina's offer to foreign creditors is "intelligent, balanced and realistic," according to economist and Columbia University professor Jeffrey Sachs.

BLOOMBERG - ANALYSIS

Debt relief for poor nations not an easy sell to bondholders

20-04-2020 15:20 A pause in debt payments for the world’s poorest countries to help them battle the coronavirus will be a hard sell for private creditors.

DEBT RESTRUCTURING

Bondholders pan Argentina's restructuring offer, prepare for battle

20-04-2020 15:17 The Argentina Creditor Committee says it “cannot support” the nation’s restructuring proposal and the government’s actions have “fallen well short of bondholders’ expectations,” as talks with officials step up.

ECONOMY MINISTER

Guzmán backs wealth tax, rules out austerity measures in interview

20-04-2020 15:12 Economy Minister Martin Guzmán backs idea of a wealth tax on the country’s richest individuals and firms in an interview with Horacio Verbitsky.

Coronavirus pandemic

'Complete collapse of economies' ahead as Africa faces up to avirus

08-04-2020 07:50 More than half of Africa's 54 countries have imposed lockdowns, curfews, travel bans or other measures in a bid to prevent local transmission of the virus. Global economic downturn may lead to a ‘complete collapse’ in the region, according to experts.

Bloomberg

Peru tackles virus with region’s biggest stimulus, eyes IMF help

30-03-2020 19:58 Peru is moving to fend off economic catastrophe with a record fiscal stimulus and plans for a contingency line of up to US$18 billion from the International Monetary Fund to contain the fallout from the coronavirus pandemic.

Debt talks & Covid-19

Pandemic poses perfect storm scenario for Argentine debt

16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.

AGRO POLICY

Farmers begin four-day strike, the first under Alberto Fernández

09-03-2020 16:00 Four farmers' unions began halting the marketing of grains and livestock for four days starting Monday, in rejection of an increase from 30 percent to 33 percent in duties on exports of soybeans and derivatives.

AGRO POLICY

Farmers unions call four-day strike after rise in soy duties

05-03-2020 21:56 Four producers' unions say they will halt grain and livestock trading for four days and go on strike, starting from Monday, in response to a rise in duties imposed by President Alberto Fernández.

DEBT RESTRUCTURING

Sustainability the focus as IMF mission team returns to Buenos Aires

02-03-2020 14:50 IMF mission team due in Buenos Aires for new talks with Economy Minister Martín Guzmán and other government officials.

by Luis Di Lorenzo

DEBT NEGOTIATION

Guzmán heads home after meeting bondholders in United States

27-02-2020 07:00 Economy minister flies back to Buenos Aires after meeting with Argentina's creditors and officials from IMF in United States, as debt restructuring talks continue.

Bloomberg

Amid Argentina’s bond carnage, a few standouts lure investors

26-02-2020 12:35 As Argentina descends into a hellscape for creditors, with bond prices taking a fresh leg down as each new development saps spirits, there are a few securities bucking the trend.

URUGUAY TAX REFORM

Got US$500,000 and 90 days? Uruguay might have an offer for you

30-01-2020 16:46 President-elect Luis Lacalle Pou is considering changes in tax-residency rules to woo people to neighbouring Uruguay.

DEATH OF ALBERTO NISMAN

Interview with Justin Webster, director of new Nisman documentary

17-01-2020 16:42 The director of the six-part Netflix documentary probing the death of Alberto Nisman explains why he believes that spy Antonio 'Jaime' Stiuso is crucial to the case, in this exclusive interview with Edi Zunino for Perfil.

by Edi Zunino

EXTRAORDINARY SESSIONS

Full agenda for Congress ahead of return to activity

14-01-2020 12:36 President Fernández says law to create an "Economic and Social Council" is ready to be sent to Congress for debate, along with a host of other bills.

by James Grainger

BLOOMBERG

Blow for Fernández as crop windfall slips away

09-12-2019 13:42 President-elect needs all the help he can get to pull the country out of recession and make good on bond payments. But he faces a speed bump from the crop industry.