News of kicillof

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

BUENOS AIRES PROVINCE

Kicillof secures session on BA Province tax reform

04-01-2020 06:50 Intense two-hour meeting with opposition mayors ends with agreement over January 8 session on proposals to update provincial taxation in line with last year’s inflation. Debt woes lurk in background.

NEW BUENOS AIRES GOVERNOR

Showdown looming as Kicillof says Buenos Aires Province faces cash crunch

14-12-2019 09:44 Kicillof, a left-wing economist who gained notoriety earlier this decade when he oversaw the federal government’s contentious negotiations over defaulted bonds, said there were just 25 billion pesos in provincial accounts, but that he needs 40 billion pesos to pay debt and salaries over the next 30 to 35 days.

BLOOMBERG

Kicillof says Buenos Aires Province can't afford to pay debts

11-12-2019 17:14 “As Alberto said, if we don’t grow, we can’t pay,” says new governor. “We’ll get in touch with bondholders immediately and establish a dialogue to find a solution to this problem.”

Buenos Aires Province

New Buenos Aires Province Governor Kicillof warns of 'emergency'

11-12-2019 14:47 In his first speech to lawmakers as chief of nation's most-populous province, former economy minister denounces failures of Mauricio Macri administration and says region faces an urgent emergency.

DEBT TALKS

Buenos Aires Province may be first test for debt talks

07-12-2019 10:37 Region owes investors US$571 million in January – and it’s unlikely to be able to come up with the cash.

ELECTION 2019

Mauricio Macri mulls next move, likely to lead opposition

02-11-2019 11:52 Multiple reports suggest that – despite tension among some Cambiemos figures – the president would stay on as leader of the opposition. 2023, however, is a long way away.

by James Grainger

CAMPAIGN WATCH

Can Alberto’s tightrope act work?

02-11-2019 11:27 The president-elect will be walking a tightrope between convincing suspicious markets and making good on at least some of his promises to voters.

by Marcelo J. Garcia

BUENOS AIRES PROVINCE

Kicilloff asks Vidal to rollback rate increases, as two talk transition

31-10-2019 13:42 Governor-elect of nation's most-populous province met with outgoing governor María Eugenia Vidal in La Plata on Thursday, as talks begin over changeover.

Election 2019

'We will continue being an alternative,' says Vidal after defeat

27-10-2019 22:42 Governor Vidal and Governor-Elect Axel Kicillof continue to provide alternative visions for Argentina’s future, but only one will hold office for the next four years.

ELECTIONS 2019

'I'm not going anywhere,' declares Vidal in closing rally

24-10-2019 20:38 Buenos Aires Province Governor María Eugenia Vidal holds final rally of her re-election campaign, with just days to go before Sunday's elections.

Election 2019

Kicillof, CFK vow to 'transform Buenos Aires Province' in closing rally

24-10-2019 08:00 Frente del Todos gubernatorial candidate, tipped to defeat María Eugenia Vidal comfortably this weekend, ends campaign with a rousing event flanked by his former boss and vice-presidential hopeful, Cristina Fernández de Kirchner.

Election 2019

Kicillof: 'There are people selling drugs because they have lost their jobs'

07-10-2019 13:50 "From going to the neighborhoods I heard news that due to the drop in employment, there are people who selling drugs," says Kicillof, prompting criticism from Patricia Bullrich and Cristian Ritondo.

UNIONS AND LABOUR

With Fernández present, Yasky's CTA approves reunification talks with CGT

04-10-2019 08:58 Presidential frontrunner Alberto Fernández attends meeting in Lanús, at which CTA members vote to back opposition and open talks with CGT with view to reunification, nearly three decades on from split.

by Aurelio Tomás

BLOOMBERG

The US$15 billion of distressed provincial bonds that no-one is talking about

04-09-2019 09:13 Argentina's provinces were among the most prolific issuers when international capital markets reopened to Argentina. By offering interest rates in excess of 9%, they were able to lure yield-hungry investors to little known and sparsely populated corners of the country.

argentina

What we learned this week: August 24 to 30

31-08-2019 00:17 Key stories from the last seven days in Argentina.

PASO RESULTS

Final PASO results: Fernández beats Macri by four million votes

29-08-2019 18:19 In Buenos Aires Province, Axel Kicillof confirmed a victory over María Eugenia Vidal by 1.7 million votes.

Jorge Cortés

Political leaders and officials mourn death of Hipólito Yrigoyen mayor

22-08-2019 12:18 Hipólito Yrigoyen mayor Jorge Cortés died in a car accident Wednesday after a meeting of PJ officials with Axel Kicillof.

ELECTION 2019

Macri fumbles PASO

17-08-2019 09:59 How did that happen? Well, unemployment is higher than in 2015. Poverty is higher than 2015. Inflation is higher than in 2015. Voters are having a hard time making ends meet. Top all that with the massive utility rate hikes and what do you get? Electoral defeat, that’s what.

by Martín Gambarotta

PASO FALL-OUT

'We need more time to reflect,' says Vidal after PASO loss to Kicillof

12-08-2019 16:34 Buenos Aires Province Governor María Eugenia Vidal admits her government has to 'listen' to voters in the province in run-up to October's decisive vote, after steep loss to Kirchnerite hopeful Axel Kicillof.

PASO

Kicillof routs Vidal in Buenos Aires Province gubernatorial race

11-08-2019 23:30 Former economy minister garners nearly half the entire votes in province, 49 percent, against the incumbent governor's 32 percent.

PASO

In dual rallies, Frente de Todos vows ‘an Argentina everyone deserves’

09-08-2019 18:50 With Fernández in Córdoba and Fernández de Kirchner and Kicillof in the province, Frente de Todos ends its PASO campaign with a round of final attacks on President Macri and his allies.

PASO

Negative PASO result for Macri would unleash market turmoil, warn analysts

07-08-2019 17:30 Domestic and international observers fear economic backlash, should Alberto Fernández finish more than five points ahead of President Macri and his allies in this weekend's primaries.

by Lucas Robinson

ELECTION 2019

CFK, Massa reunite at rally for first joint appearance since 2009 split

05-08-2019 10:28 Sergio Massa, who briefly served as Cabinet chief in Cristina Fernández de Kirchner's government, broke from the then-president in 2009 before successfully campaigning against her coalition in the 2013 mid-term elections.

ELECTION 2019

New poll: Macri and Vidal trail opponents among voters in BA province

24-07-2019 14:06 Synopsis survey of 1,390 voters in Buenos Aires Province places Macri 8.6 points behind Fernández, with Governor Vidal 1.8 points behind challenger Axel Kicillof.

Buenos Aires province

Vidal, Kicillof up the ante ahead of neck-and-neck provincial race

20-07-2019 09:43 As Axel Kicillof steps up efforts, Governor Vidal must surpass her 2015 result and overcome political differences with mayors.

2019 Elections

Ironic CFK compares Macri gov't to Soviets, defends Kicillof

20-07-2019 08:00 Former president Cristina Fernández de Kirchner fires back at her fellow vice-presidential candidate Miguel Angel Pichetto who labelled her candidate for governor Axel Kicillof a "marxist".