News of funds

Paris Club requires Argentina stick to IMF deal to rework debt

07-07-2022 14:20 Paris Club group of wealthy creditors says government must give assurances that it will comply with IMF deal if talks over restructuring of debt are to continue.

DEBT RESTRUCTURING

Argentina formalises debt repayment deferment with Paris Club

31-05-2022 13:07 President Alberto Fernández's government reaches a deal with the Paris Club to postpone payments on more than US$2 billion of debt for more than two years.

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.

NEW ROUND OF FUNDING

World Bank approves US$2 billion of funds for Argentina in 2022

23-02-2022 12:45 World Bank commits more than US$2 billion in fresh funding to Argentina following meeting with officials.

IMF DEBT TALKS

Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle'

21-01-2022 18:06 Nobel laureate economist Joseph Stiglitz is facing a wave of criticism from peers after he claimed crisis-prone Argentina is witnessing “an economic miracle.”

BLOOMBERG

Argentine warrants more than double after ruling favours Aurelius

03-12-2021 01:27 US court rules Argentina will be required to show how it calculated statistics at the centre of a legal battle between the country and hedge fund Aurelius Capital Management LP.

Education

'We're ignorant': Illiteracy haunts isolated Venezuelan village

13-10-2021 09:28 People in Ologá are facing a serious problem due to the lack of education, although it is far from being their main trouble since, for a long time now, they have also been suffering from lack of electricity, water, and domestic gas.

BLOOMBERG

Argentina to offer new liquidity Treasury notes called Lelites

07-10-2021 21:41 Economy Ministry announces it will offer new Treasury liquidity bills called Lelites.

Bloomberg

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

COURTS

Court tells daughter of Hugo Moyano to return cash seized in raid

01-09-2021 20:22 Judge tells Karina Moyano, daughter of veteran trade unionist Hugo Moyano, to hand over 600,000 pesos and US$434,000 within the framework of money-laundering and drug-trafficking probe.

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.

And that reminds me…

Grabbing the wealth of health by stealth

19-06-2021 09:51 Replacing Argentina’s fragmented system with a comprehensive public health system is highly rational in principle and there are some positive examples abroad – but what are the chances of these being emulated under the current government?

by Michael Soltys

Bloomberg

Argentines hedge against yet another inflation spiral

15-06-2021 17:46 Amount of money placed in mutual funds that invest in inflation-linked debt in Argentina has leaped 40% in just 30 days, far outstripping any other type of fund.

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.

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.

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.

Global pandemic

Venezuela claims sanctions blocking vaccine purchases

08-04-2021 11:48 Venezuela's foreign minister claims that without economic sanctions against the government of President Nicolás Maduro, the country would already have purchased all 30 million coronavirus vaccines it needs.

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.

INVESTMENT

President pitches Argentina to top global investment funds

16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.

ANALYSIS

Fernández conditions IMF talks with lines from Instituto Patria

06-03-2021 09:15 Argentina’s Peronist leader has delivered the International Monetary Fund a clear message, echoing the lines of a Kirchnerite think-tank and modifying Economy Minister Martín Guzmán’s plans to seal a debt restructuring deal by May.

ANALYSING BUDGET

Budget 2020: 60% used to pay pensions, social plans or subsidies

16-01-2021 08:26 Six out of every 10 pesos in last year’s Budget went to paying for pensions, social plans or business subsidies. Both government and private calculations estimate last year’s primary deficit to be around 6.5% of GDP.

by Gabriel Ziblat

BLOOMBERG

Argentina seeking US$5 billion from multilateral banks for 2021

22-12-2020 20:41 Argentina is seeking about US$5 billion for next year from multilateral organisations other than the International Monetary Fund, reports Bloomberg.

AS I SEE IT

Buenos Aires under fire

05-12-2020 10:28 Cristina and her friends hope that by defunding the City government they will force the mayor to cut spending to the bone, which they assume should be enough to turn people against him.

by James Neilson

Revenue-sharing row

City mayor rails against 'political attack' as tensions over funding soar

03-12-2020 11:20 Political tensions have surged back to the fore in Argentina after the Chamber of Deputies approved by a 129-118 vote a sharp cut in this city’s federal revenue-sharing funding on Tuesday following a marathon 20-hour session and intense debate.

IMF TALKS

Government to request Extended Fund Facility programme from IMF

14-11-2020 10:26 Guzmán tells reporters Argentina will seek an Extended Fund Facility programme, a scheme that normally implies a commitment to significant economic reforms.

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.

IMF MISSION TEAM DEPARTS

IMF predicts 11.8% GDP slump, says talks will start in November

17-10-2020 10:18 IMF chief Kristalina Georgieva says Argentina needs “a credible and comprehensive economic agenda that balances supporting the economy and people in this difficult time.”

PERIODISMO PURO | INTERVIEW

Sergio Chodos: ‘The intention is to ask the IMF for financing in order to leave it’

17-10-2020 08:57 The visit of a mission team from the International Monetary Fund has begun a new chapter for Argentina and its deteriorating economy. Sergio Chodos, Executive Director for the Southern Cone at the IMF and the official perhaps closest to Economy Minister Martín Guzmán, says the government is seeking an agreement with the Fund, in order not to depend on it any longer.

by Jorge Fontevecchia

Corruption scandal

Brazilian senator caught hiding money 'between buttocks'

15-10-2020 19:38 A Brazilian lawmaker has stepped down from his position representing President Jair Bolsonaro’s government and been suspended from the Senate, after police searched his house and found allegedly illegally obtained cash hidden in his underwear.

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.

News of funds

Paris Club requires Argentina stick to IMF deal to rework debt

Argentina formalises debt repayment deferment with Paris Club

Postponement of Paris Club debt payment gives breathing room

Argentina extends Paris Club talks over US$2 billion to June 30

World Bank approves US$2 billion of funds for Argentina in 2022

Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle'

Argentine warrants more than double after ruling favours Aurelius

'We're ignorant': Illiteracy haunts isolated Venezuelan village

Argentina to offer new liquidity Treasury notes called Lelites

Argentina looks to mutual funds for additional local funding

Court tells daughter of Hugo Moyano to return cash seized in raid

Paris Club says Argentina has committed to IMF deal by next March

Guzmán confirms Argentina has reached deal with Paris Club

Argentina plans partial payment to Paris Club, averting default

Grabbing the wealth of health by stealth

Argentines hedge against yet another inflation spiral

Argentina to use Paris Club grace period to further debt talks

Paris Club to spare Argentina from US$2.4-billion debt default

Argentina seeks Paris Club deal amid IMF talks, Guzmán says

Venezuela claims sanctions blocking vaccine purchases

Debt restructuring talks for Buenos Aires Province stall

President pitches Argentina to top global investment funds

Fernández conditions IMF talks with lines from Instituto Patria

Budget 2020: 60% used to pay pensions, social plans or subsidies

Argentina seeking US$5 billion from multilateral banks for 2021

Buenos Aires under fire

City mayor rails against 'political attack' as tensions over funding soar

Government to request Extended Fund Facility programme from IMF

BlackRock's Fink says Argentina won't soon regain investor trust

IMF predicts 11.8% GDP slump, says talks will start in November

Sergio Chodos: ‘The intention is to ask the IMF for financing in order to leave it’

Brazilian senator caught hiding money 'between buttocks'

El-Erian: Argentina and Ecuador diverge after bond restructurings

Visiting celebrities give Buenos Aires' hotels and restaurants a boost

OECD: World economy to slow, 'paying the price of war'

Oil and gas workers strike after three killed in Neuquén refinery explosion

A Holy War is raging between Google, Facebook, and the media industry

Lula nears first-round win just days before vote, poll shows

Qué pasará con la ciudadanía italiana tras el triunfo de la ultraderecha en Italia

Sofía Caram: "Cristina cree que, en el terreno jurídico, la batalla la tiene perdida"

Una pista esperanza a la familia de Sofía Herrera, desaparecida en 2008

"The Crown" revivirá el "annus horribilis" de Isabel II y el drama de Carlos y Diana

Controversia por la creación de un relleno sanitario a 70 kms de CABA