IMF DEBT PROGRAMME Argentina, IMF talking about new programme outline 29-02-2024 12:20 Argentina, IMF in talks about outline of possible new programme to speed up exit from capital controls.
IMF Government awaits approval of IMF deal 31-01-2024 14:39 There is a maturity of US$1.9 billion on Wednesday and a further US$800 million the following day. A US$960-million repayment must also be made to CAF.
IMF DEBT PROGRAMME IMF to postpone Argentina review to give Milei more time 31-01-2024 12:28 Troubled nation’s quarterly review, scheduled for September, will move to November, according to Reuters. If confirmed, it would give the government greater scope to implement economic changes and potentially negotiate a new programme.
IMF DEBT Milei vows to ‘keep promises’ after meeting with IMF chief 18-01-2024 01:15 President Javier Milei met IMF Managing Director Kristalina Georgieva after his speech to world leaders in Davos; Talks focused on Argentina’s US$44-billion programme and reaction to government’s austerity bid.
IMF DEBT TALKS Government postpones IMF payments as it seeks new deal 04-01-2024 00:40 While awaiting the arrival of IMF officials for crunch talks over its multi-billion-dollar programme, Argentina’s government wants to unify its January commitments and push them to the end of the month. by Ramiro Speranza
IMF DEBT DEAL IMF to visit Argentina amid expectation of new agreement 03-01-2024 08:56 The IMF's press office confirmed the meeting for Thursday. Nicolás Posse and Luis Caputo will lead talks.
IMF DEBT Argentina to pay IMF next week, ‘reformulate’ deal, Caputo says 14-12-2023 19:02 Argentina will pay US$912 million owed to the International Monetary Fund next week, says Economy Minister Luis Caputo.
IMF DEBT DEAL Argentina to ask for waiver from the IMF 13-12-2023 16:59 International Monetary Fund praises new measures by Javier Milei's government, which wants to settle a payment due December 21 with funds from CAF Development Bank of Latin America and the Caribbean.
ELECTION 2023: REACTION IMF chief looks forward to 'working closely' with Javier Milei 20-11-2023 11:18 Reacting to Javier Milei's election win, Kristalina Georgieva says she looked forward to working with Argentina's president-elect.
ELECTION 2023 As run-off nears, Massa draws a yuan bridge to avoid IMF pressures 14-11-2023 11:28 When an agreement was reached in August, the IMF’s board of directors wanted to distance itself from Argentina’s electoral process, preparing for the next stage of negotiations with the future government. An informal meeting, held after the October 22 elections, has placed in doubt the remittance of US$3.3 billion which the country needs to meet debt deadlines. The Economy Ministry has assembled a safety buffer with the Chinese currency swap, hoping to reach the next harvest in acceptable shape. by Ariel Maciel
IMF DEBT DEAL Argentina pays US$2.6 billion maturity to IMF 01-11-2023 21:12 State news agency confirms Argentina's government made US$2.6-billion payment to settle maturity from record International Monetary Fund debt programme.
WARNING FROM FUND IMF warns Argentina not to dawdle on incremental economic reform 14-10-2023 07:47 Argentina has no time to make gradual economic adjustments as it faces soaring consumer prices and its sixth recession in a decade, says top IMF official.
IMF DEBT The IMF’s US$43-billion Argentina problem is about to get worse 06-10-2023 17:33 Geopolitics helped keep the credit flowing to Argentina. Even so, at some point the International Monetary Fund — and its biggest shareholder, the United States — might call time.
IMF DEBT PROGRAMME IMF says Argentina must 'contain' public spending on wages, pensions 25-08-2023 11:36 IMF statement stresses need for Argentina to "contain spending on wages and pensions."
DEBT DISBURSEMENT IMF approves US$7.5 billion for Argentina despite missed targets 24-08-2023 01:04 Multilateral lender approves massive disbursement, extending a financial lifeline to government ahead of a tight presidential race; Sergio Massa holds talks with Kristalina Georgieva in Washington.
IMF DEBT DEAL Government gets disbursement lifeline after Fund board approval 23-08-2023 23:02 The board decision completes the fifth and sixth reviews of the programme and enables immediate disbursement of the US$7.5-billion payment, according to an IMF statement.
MASSA IN WASHINGTON Argentina says IMF to allow currency intervention to hold range 23-08-2023 22:42 IMF to allow Argentina to intervene in currency markets if peso drifts above or beyond a certain range, says Economy Minister Sergio Massa.
IMF DEBT PROGRAMME IMF board approves US$7.5-billion disbursement for Argentina 23-08-2023 14:46 Spokesperson for Economy Minister Sergio Massa says IMF's executive board has approved release of US$7.5 billion in funds to Argentina.
IMF DEBT PROGRAMME Massa heads to US for talks with IMF on loans 21-08-2023 08:40 Sergio Massa will travel to the United States on Monday for talks with the International Monetary Fund on the country’s refinancing disbursements amid the peso’s devaluation.
PASO REACTION Argentina seeks larger IMF disbursement after 18% devaluation 14-08-2023 22:16 Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount
IMF DEBT DEAL Argentina gets US$775-million loan from Qatar to repay IMF 04-08-2023 04:38 Argentina is paying the International Monetary Fund with help from Qatar, the latest creative accounting measure by the government intended to honour its debt obligations.
IMF DEBT TALKS Argentina expects to reach IMF staff-level agreement Friday 17-07-2023 17:18 Officials expect to close a staff-level agreement with the International Monetary Fund by Friday after months of negotiations over the US$44-billion programme.
IMF DEBT TALKS IMF ‘negotiating intensively’ with Argentina, says spokesperson 13-07-2023 15:02 Argentina and the International Monetary Fund are "working intensively" to reach an agreement over the fifth review of the country’s record credit programme; Economy Ministry officials head to Washington.
ELECTION 2023 Sergio Massa’s Argentina election bid puts IMF staff in a bind 08-07-2023 06:31 As government seeks new deal, October presidential vote looms; Observers worry that generous terms would aid Massa’s campaign.
IMF DEBT Argentina to unify July IMF debt dues into single payment 06-07-2023 15:22 Economy Ministry officials postpone trip to United States for talks with International Monetary Fund as differences between both parties persist.
IMF DEBT TALKS Argentine officials push back trip to Washington as IMF talks drag on 05-07-2023 13:03 Key Economy Ministry officials postpone trip to United States for talks with International Monetary Fund as differences between both parties persist.
IMF DEBT DEAL Government makes IMF loan repayment partly with yuan 01-07-2023 08:36 Short on dollars, President Alberto Fernández's government has made a US$2.7-billion loan repayment to the International Monetary Fund partly using Chinese yuan.
IMF DEBT DEAL Argentina pays IMF as negotiations to continue in Washington 30-06-2023 21:44 Government makes two payments owed to the International Monetary Fund before a Friday deadline; Senior officials Leonardo Madcur and Gabriel Rubinstein to hold discussions over a new staff-level agreement next week in Washington.
IMF DEBT Argentina to pay US$2.7 billion as IMF negotiations continue 29-06-2023 18:22 Government set to make payment due in June to the International Monetary Fund. In order to avoid a further dollar haemorrhage, payment will be made in part in Chinese currency, with the rest from unused Special Drawing Rights.
IMF DEBT DEAL Latin America leaders ask Biden to back Argentina in IMF talks 23-06-2023 00:47 Group of Latin American presidents urge US President Joe Biden to support Argentina in ongoing negotiations over its US$44-billion programme with the IMF.
IMF DEBT DEAL Argentina asks IMF to postpone payments until end of month 22-06-2023 18:17 Government winks at multilateral lender, looking to smooth payments as negotiations over agreement continue; Economy Ministry sends proposal for unified payment at end of month with expectation of prompt reply.
Debt deal talks IMF: Argentina facing ‘very complex’ economic situation 08-06-2023 16:50 Spokesperson for International Monetary Fund says multilateral lender is working “very hard” with government in Buenos Aires; Talks with President Alberto Fernández’s administration, which wants up to US$20 billion of disbursements advanced ongoing.
IMF DEBT TALKS IMF ‘evaluating’ new government measures as talks continue 18-05-2023 20:41 International Monetary Fund says they are still "evaluating the measures" announced this week by Argentina’s government, as negotiations over changes to the country’s multi-billion-dollar credit-line advance.
IMF DEBT TALKS IMF confirms progress in Argentina programme talks 09-05-2023 10:34 International Monetary Fund spokesperson says talks with Argentina over a reformulation of its record credit programme amid historic drought are “progressing in a constructive manner.”
POLITICAL INSIDER Alberto, CFK and Massa: three different strategies for upcoming elections 30-04-2023 09:07 Sergio Massa’s management is supported by Vice-President Cristina Fernández de Kirchner, but she has not blessed his candidacy. President Alberto Fernández insists that he will present his own hopeful, but the economy minister’s battle against inflation and currency crises – and how they play out – could be the deciding factor. by Rosario Ayerdi
FIERY SPEECH FROM CFK Cristina attacks Milei's dollarisation plan, blames IMF for inflation 27-04-2023 23:52 Vice-president declares that dollarisation would be “worse than convertibility” as she delivers highly anticipated speech that attacks IMF policies, opposition ‘inheritance’ and Javier Milei.
ELECTION 2023 CFK confirms she will not run for presidency 27-04-2023 23:27 Cristina Fernández de Kirchner reiterated on Thursday that she will not be a candidate in the October presidential elections.
DEBT PROGRAMME IN DOUBT? Argentina and IMF go back to drawing board on debt deal 27-04-2023 23:04 As an exchange rate crisis ravages the strength of the peso, spokespeople from the International Monetary Fund and the government confirm that “constructive” talks are underway to redraw terms of Argentina’s US$44.5-billion debt programme.
POLITICS & ECONOMY Fernández de Kirchner blames IMF for peso sell-off, inflation 27-04-2023 23:02 Cristina Fernández de Kirchner criticises the International Monetary Fund for prohibiting Argentina's Central Bank from intervening in financial markets to tame currency volatility in keynote speech.
IMF DEBT PROGRAMME Kirchnerites ramp up pressure ahead of IMF talks 20-04-2023 18:22 Argentina and the IMF agree to renegotiate US$44-billion programme amid concerns over impact of drought; Interior Minister Eduardo de Pedro slams deal for creating “vicious inflationary circle” and says “everything has to be re-discussed.”
MONETARY POLICY Central Bank lifts rate to 81% as inflation jumps 20-04-2023 15:58 Argentina's Central Bank raises its benchmark interest rate by 300 basis points to 81% in response to March inflation data.
IMF DEBT PROGRAMME Argentina and IMF to rework US$44-billion deal as drought hits economy 15-04-2023 12:48 Argentina and the International Monetary Fund are going back to the drawing board again over US$44-billion programme as concerns increase that record drought will push the country into recession.
DEBT DEAL ‘Severe drought harming Argentina’s population,’ admits IMF chief 13-04-2023 18:09 Brazil’s President Lula claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme.
IMF DEBT PROGRAMME IMF calls for ‘stronger policy package’ from Argentina 02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.
CENTRAL BANK Argentina raises key rate to 78% for first time since September 16-03-2023 17:43 Argentina raised its benchmark rate on Thursday for the first time since September after annual inflation surpassed 100%.
IMF DEBT DEAL Argentina seeks fresh IMF approval – and US$5 billion in funds 21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.