News of funds

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

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.

Behind the conflict with the police

12-09-2020 09:43 The reasons for the protest? We can divide them into two main categories: institutional and political.

by Andrei Serbin Pont

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.

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

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.

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.

Creditors join forces to demand better terms on debt deal

20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.

Guzmán rules out changes to offer, but creditors say proposal 'falls short'

09-07-2020 02:37 Economy Minister Martín Guzmán rules out further changes to government's debt restructuring offer as offer wins support from IMF and some G20 finance ministers. Large creditors, however, aren't impressed.

Mohamed A. El-Erian: Argentina's debt proposal deserves support

07-07-2020 01:35 It would be in neither side's long-term interest to allow the theoretical best to be the enemy of the attainable good – what is now on the table warrants support by both Argentina and its creditors.