News of kicillof

POLITICS & THE PANDEMIC

Metropolitan area blues

04-07-2020 07:29 The display of bipartisan civility, even with disagreements behind the scenes between Buenos Aires City and Province, is now routine. Yet the volatility has not gone away.

by Martín Gambarotta

AS I SEE IT

Runners go home!

27-06-2020 08:13 Many leftists and populists want to prolong the status quo indefinitely because they are convinced that the state should play a far greater role in their country’s life.

by James Neilson

100 DAYS OF QUARANTINE

Hibernation time

27-06-2020 08:09 The pandemic is a tremendous challenge for the metropolitan area. Only history will explain the true extent of economic devastation in the region.

by Martín Gambarotta

CORONAVIRUS PANDEMIC

Fernández tightens AMBA lockdown until July 17 amid virus surge

27-06-2020 07:36 Government cranks up coronavirus lockdown in capital, as Peronist leader calls on citizens in Buenos Aires metropolitan to respect restrictions and ‘return to isolation’ until July 17.

BA CITY & PROVINCE

Officials to tighten AMBA lockdown if curve continues to accelerate

23-06-2020 00:29 As officials report new daily high of confirmed cases, Fernández, Kicillof, Rodríguez Larreta meet at Olivos and agree to tighten restrictions in Buenos Aires metropolitan area if curve continues to accelerate.

CORONAVIRUS PANDEMIC

Covid-19 surge concerns officials, as politicians join sick list

20-06-2020 08:44 Argentina records more than 2,000 infections in a day for first time since crisis began; María Eugenia Vidal tests positive, President Fernández told to limit activity, stay home.

Coronavirus Pandemic

Officials debate future of quarantine, likely to limit public transport

15-06-2020 16:10 National, Buenos Aires City and provincial health ministers meet to debate future of quarantine and preventative steps to tackle Covid-19, as officials in Chaco announce return to stricter lockdown in province.

CORONAVIRUS PANDEMIC

"Cuarentena protocolizada" – new lockdown rules for BA City, Province

06-06-2020 09:03 Alberto Fernández and Horacio Rodríguez Larreta unveil a new phase of mandatory isolation in the capital, starting Monday, June 8.

argentina

Lockdown extended until June 28, with 'two types of quarantine'

05-06-2020 03:15 President Fernández announces extension of lockdown for Buenos Aires metropolitan area and other areas of high Covid-19 contagion, with restrictions lifted and 'mandatory social distancing' introduced for most provinces.

AS I SEE IT

Under cover of darkness

30-05-2020 10:43 Alberto has shown no signs of wanting to be his own man, whoever he may be. Far from rebelling against Cristina’s tutelage, he seems afraid to do anything that might displease her.

by James Neilson

THE LAST SEVEN DAYS

May 23 - May 30: What we learned this week

30-05-2020 09:54 Noticeable stories from the last seven days in Argentina.

POLITICS & THE PANDEMIC

Lockdown: complainers will complain

30-05-2020 09:16 The debt drama will escalate if the talks fail to make progress and some bondholders decide to accelerate the situation, which could see them eventually taking the republic to court in the middle of a pandemic that is crippling for the economy.

by Martín Gambarotta

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

Coronavirus pandemic

Automobile industry restarts production with limited shifts

27-05-2020 16:26 Sector returns to work after receiving authorisation from the government to restart production with limited shift patterns.

Coronavirus pandemic

Government extends quarantine for 15 more days amid rise in infections

23-05-2020 22:30 President Fernández announces Argentina will extend government's mandatory social isolation until June 7, amid an acceleration in the spread of the new Covid-19 coronavirus.

MINISTRY POSITIONS

Agricultural food for thought

23-05-2020 10:03 A protectionist model in an increasingly protectionist world conspires against the success of agricultural exports, even though more vital than ever.

by Michael Soltys

PANDEMIC POLITICS

Buenos Aires versus Buenos Aires

23-05-2020 09:21 Horacio Rodríguez Larreta is under pressure because he needs to control the epidemic in the metropolis. Otherwise his reputation could be tarnished – possibly even ruined.

by Martín Gambarotta

Coronavirus pandemic

Fernández, Rodríguez Larreta, Kicillof agree 'no margin' to loosen quarantine

21-05-2020 02:10 President, provincial governor and city mayor agree there is "no margin" to further liberalise quarantine measures in Greater Buenos Aires, given current state of affairs.

BLOOMBERG

Buenos Aires Province cut to selective default by S&P global

15-05-2020 23:22 Argentina’s largest and most populous province is considered to be in selective default because negotiations with creditors are ongoing, making the proposal a “distressed exchange,” according to an S&P statement.

DEBT RESTRUCTURING

Buenos Aires Province misses debt payment, extends deadline for offer

12-05-2020 17:20 Provincial government extends deadline to creditors to consider US$7-billion restructuring offer, following a similar move the national government.

Coronavirus pandemic

Lockdown set for extension beyond May 10, with measures eased in some provinces

06-05-2020 16:49 Nationwide lockdown to tackle the spread of the novel Covid-19 coronavirus will be extended by the government beyond the current May 10 expiration date, but some restrictions look set to be lifted in select provinces.

Coronavirus Pandemic

First two Covid-19 cases confirmed in Villa 31 shantytown

24-04-2020 17:25 A 43-year-old woman and 35-year-old woman have tested positive for Covid-19 in the villa, located in Retiro.

BLOOMBERG

Analysts: Buenos Aires Province bondholder offer headed for rejection

24-04-2020 17:08 Proposal by Argentina’s largest province to restructure US$7 billion of international debt draws immediate criticism from analysts.

BLOOMBERG

Buenos Aires Province proposes its own debt delay

24-04-2020 01:37 The province of Buenos Aires, the country's largest, is following the footsteps of the national government in requesting a three-year debt moratorium.

Coronavirus outbreak

Aerolíneas Argentinas flight returns from China with Covid-19 medical supplies

19-04-2020 09:04 Flagship carrier brings back medical supplies from Shanghai, which are designated for health system in Buenos Aires Province.

THE WEEK IN REVIEW

What we learned this week: Apr 13th-19th

18-04-2020 10:56 Stories that caught our eye from the last seven days in Argentina.

Coronavirus pandemic

Kicillof on coronavirus: 'Resisting self-isolation is very irresponsible'

12-03-2020 16:04 In response to the WHO declaring the Covid-19 outbreak a "pandemic," Buenos Aires Province governor calls for "caution, prevention and calm."

Debt talks

Buenos Aires Province hires Bank of Amercia, Citigroup for debt restructuring

09-03-2020 16:20 Citigroup and Bank of America have been contracted by the Buenos Aires provincial government to renegotiate debt issued under foreign legislation.

AXEL KICILLOF INTERVIEW

Kicillof: 'Macri’s austerity left the Province dying of hunger'

15-02-2020 08:47 Buenos Aires Province governor and former economy minister talks numbers, debt, payments and Peronist unity.

by Jorge Fontevecchia

BLOOMBERG

Buenos Aires Province surrender sends Argentine bonds on a wild rally

10-02-2020 14:28 Province’s capitulation spurs betting on sovereign bonds, they have returned 8.7 percent since January 27. However, Argentina is still in dire need of the IMF’s approval to restructure the debt.

EDITORIAL

Are the wheels coming off the Axel?

08-02-2020 12:59 Much has been said about the ideological differences between the pragmatic and extremist wings of the ruling Frente de Todos coalition but last week the contrast was clearest in style and strategy – the smooth soap of presidential showcasing with the top political leaders of the European mainland at all odds with the wild roller-coaster lurches of Buenos Aires Province Governor Axel Kicillof out of all proportion to the tiny bond he was scheduled to pay last month.

PROVINCIAL DEBT

Kicillof backs down from debt stand-off; Guzmán takes the lead

08-02-2020 10:04 Buenos Aires Province Governor Axel Kicillof seemingly lost a battle with private creditors, deciding to cough up the funds and avoiding a provincial default.

Delaying Debt

Fidelity wins big on Buenos Aires bond payment

05-02-2020 12:25 Buenos Aires Province avoids immediate default by agreeing to use money from its coffers to make a principal debt payment, Kicillof says.

BA PROVINCE DEBT TALKS

BA Province surprises with plan to pay bond, and then restructure

04-02-2020 16:36 Axel Kicillof declared that the province will use its proper resources in order to realise a US$250 million bond payment to avoid default. The Governor looks to reassure creditors about Buenos Aires ability to honour its debt.

BUENOS AIRES PROVINCE

Plan B for Kicillof: a bridging loan to avoid default

01-02-2020 08:21 Proposal comes from investment funds, though provincial government still wants to have 75 percent of creditors on board for repayment. Alert as to the risk of new “vulture funds.”

by Mirta Fernandez

BUENOS AIRES PROVINCE

Buenos Aires Province rolls over bondholder deadline until February 3

01-02-2020 08:16 On the brink of default, provincial government headed by Governor Axel Kicillof extends cut-off for a second time.

PROVINCE DEBT

2nd deadline extension for Buenos Aires province bondholders

31-01-2020 16:12 Province, led by Governor Axel Kiciloff, extends deadline for creditors to accept the proposal until February 3 – the second extension this month.

Deadline approaches

Buenos Aires Province sweetens deal for 2021 creditors

27-01-2020 17:27 In exchange for pushing back the deadline on a US$250-million principal payment, investors would get paid interest on those funds, according to the offer revealed Monday.

BUENOS AIRES PROVINCE

Government confident debt bill will clear Congress

25-01-2020 09:44 The government will send a bill to Congress outlining its plan to address the debt crisis – and Peronist lawmakers are confident it will pass through Congress.

BUENOS AIRES PROVINCE

Markets wobble as Kicillof gives bondholders an ultimatum

25-01-2020 09:40 Buenos Aires Province governor continues to play for time over the Bono 2021 payments but on a short fuse.

BUENOS AIRES PROVINCE

'We are not in a position to pay,' Kicillof warns bondholders

24-01-2020 10:28 BA Province governor warns creditors that February 5 is the 'last chance' for them to accept delay in payment before default.

DEBT TALKS

Buenos Aires Province extends deadline to accept payment delay

22-01-2020 15:43 Kicillof's government extends expiring deadline for bondholders to weigh up its request to delay key bond payment.

First Foreign Trip

Packed agenda awaits for Alberto Fernández as he lands in Israel

22-01-2020 14:11 President arrives in Tel Aviv on commercial flight. He is scheduled to have bilateral meetings with both the Israeli President Reuven Rivlin and Prime Minister Benjamin Netanyahu during his time in Israel.

NEW ERA

Hello default my old friend

18-01-2020 10:28 Kicillof has set the stage. But soon Alberto Fernández and Guzmán will be the leading actors. Or is this just Kicillof’s play?

by Martín Gambarotta

PROVINCIAL DEBT

Kicillof tells debtors Buenos Aires Province can’t pay up

18-01-2020 08:53 Regional debt was a mushrooming issue throughout the week, after Buenos Aires Province governor declares that he can’t repay a US$275-million debt. Patagonia’s Chubut announces it will try to ‘reprofile’ debt burden.

Bloomberg

Kicillof shows restraint as he takes on creditors once again

16-01-2020 15:45 Governor delivers tough message to bondholders, as Buenos Aires Province asks creditors to accept delay onUS$250-million principal payment due January 26.

Bloomberg

Buenos Aires Province asks to delay debt payment

14-01-2020 08:06 Axel Kicillof's provincial government asks bondholders of its 2021 notes to delay a principal payment due later this month, as national government's talks with creditors gear up.

NEW ERA IN ARGENTINA

Kicillof in the land of overkill

11-01-2020 08:41 The next 180 days will not be a honeymoon. But they will not be the instant marital hell for the new government that the opposition is imagining either.

by Martín Gambarotta

Buenos Aires Province

Kicillof accuses opposition of ‘robbing revenue' after tax reform changes

09-01-2020 15:28 Buenos Aires Province governor makes remarks after provincial legislature gives final approval to his tax reform package – but only after opposition senators amended original bill.

POLITICS & LABOUR

Happy this is not an election year

04-01-2020 07:05 The interaction between President Fernández and Governor Kicillof will be watched closely. The ruling party can’t afford to see its popularity drop in its giant bastion before its federal fiscal policies have a chance to kick in.

by Martín Gambarotta