News of loan

Coronavirus pandemic

Argentina secures US$4-billion loan from Development Bank of Latin America

06-05-2020 17:58 The government has confirmed that it has secured a US$4-million loan from the Development Bank of Latin America (CAF) to assist its efforts to tackle the coronavirus pandemic.

DEBT TALKS

Debt talks at impasse as creditors reject initial proposal

25-04-2020 11:36 Bondholder groups reject Argentina’s offer on foreign debt, as minister warns it will not be altered; Government agrees to adopt “common strategy” on national and provincial debt, but creditors immediately criticise Buenos Aires Province’s proposal.

Bloomberg

IMF’s new leaders confront biggest test, as global economy reels

26-03-2020 20:22 The International Monetary Fund is facing one of its biggest tests since the body’s creation at the close of World War II, with new leaders charged with keeping the global economy from the abyss.

Coronavirus Pandemic

World Bank lends US$300 million to Argentina to tackle virus

25-03-2020 16:41 Disbursement intended to strengthen social security system and minimise the impact of the coronavirus pandemic.

Coronavirus pandemic

IMF rejects Maduro's bid for emergency US$5-billion loan to fight virus

18-03-2020 10:18 Fund says request can't be considered because there was no clarity among its 189 member states on who it recognises as Venezuela's rightful leader: Nicolás Maduro or Juan Guaidó.

IMF's intervention

Venezuela requests US$5 billion from IMF to fight coronavirus

17-03-2020 20:49 President Nicolás Maduro requests US$5 billion from the International Monetary Fund. Venezuela’s health system is ranked among the worst in the world in its capacity to tackle a pandemic.

Bloomberg

IMF ready to mobilise US$1-trillion loan capacity to tackle virus

16-03-2020 16:12 IMF Managing Director Kristalina Georgieva calls for global coordination on monetary, fiscal and regulatory support amid coronavirus crisis.

CENTRAL BANK

Central Bank back in black – thanks to US$35-billion accounting manoeuvre

22-02-2020 13:21 By changing the way they value government bond holdings, bank transformed its net worth from minus US$2 billion to a US$33-billion surplus.

TRANSFER WINDOW

Marcos Rojo rejoins hometown club Estudiantes on loan

30-01-2020 14:18 Combative defender has resigned for the Pincha on loan from Manchester United, Superliga side announces.

BLOOMBERG

Banco Nación will fight Vicentín debt restructuring

03-01-2020 14:07 Officials at state-owned bank have told agricultural company it needs to raise cash now. They’re also investigating a loan made to the company for irregularities, according to reports.

DEBT DEFAULT?

IMF waits for 'sustainable' plan as Fernández faces debt dilemma

19-11-2019 16:18 Director General Kristalina Georgieva continues to articulate optimism about working together with Argentina's incoming government, but she admits she'd "like to know more" about its plans.

ECONOMIC INDICATORS

Peso slumps to 60 per dollar, country risk rating hits 14-year high

28-08-2019 15:57 Currency has slumped against the dollar again over the last few days, just as tensions between the government and the opposition have picked up.

BLOOMBERG – ANALYSIS

With US$56-billion loan in danger, IMF officials arrive in Argentina

26-08-2019 17:13 IMF delegates, who arrived in Argentina on Saturday and immediately began meetings with policy makers, face a tricky choice with unwelcome echoes from two decades ago.

FROM A GLOBAL PERSPECTIVE

Incessant Monetary Frustration: the IMF and Argentina

24-08-2019 12:21 The first president in hock to the IMF was Arturo Frondizi, who signed the first standby arrangement (for a now paltry US$75 million) in late 1958.

by Michael Soltys

POST-PASO TURBULENCE

IMF in talks with Argentina, will send team to Buenos Aires 'soon'

20-08-2019 12:32 Fund says it is continuing discussions with Argentina and will send a mission to Buenos Aires in the near future, as newly-installed Finance Minister Hernán Lacunza vows to stabilise currency.

BLOOMBERG

Moody’s puts Argentina on negative outlook on uncertainty

15-07-2019 08:34 Ratings company shifts outlook from stable to negative, citing rising uncertainty about economic policy and risk of additional “damaging currency shocks.”

AT PRESS TIME

IMF board approves US$5.4B loan payment

13-07-2019 09:59 The International Monetary Fund’s board confirmed the d isbur sement of another US$5.4-billion payment to the government on Friday, shortly after Treasury Secretary Nicolás Dujovne touted a government surplus which exceeded its creditor’s own expectations.

NEW LOAN

World Bank approves US$500-million in financing for Argentina

11-07-2019 18:50 Funds will provide budgetary support for social programmes dedicated to helping those in poverty. Latest installment is the second part of a total US$1 billion loan first agreed in November 2018.

KEY STORIES

July 1st-7th:What We Learned This Week

06-07-2019 08:15 What caught our eye the last seven days?

IMF LOAN

IMF reaches agreement with government to release US$5.4-billion loan tranche

05-07-2019 14:51 Fund's board must approve the fourth review of the country's performance under the before Macri administration will have access to the funds. The board meeting is set for July 12.

Claudio Loser

Lagarde departure will not alter Argentina relationship, says ex offical

03-07-2019 10:23 The Mauricio Macri government signed a US$56-billion 'stand-by' loan deal with the IMF in June, 2018. Macri's opponents say the conditions of the deal must be renegotiated.

IMF BAILOUT

IMF chief: 'We underestimated Argentina's complicated economic situation'

06-06-2019 09:42 Managing Director Christine Lagarde admits inflation is taking "longer than expected" to fall.

BLOOMBERG

Alberto Fernández tells markets he won't lead Argentina into default

04-06-2019 12:58 Seeking to reassure investors, presidential hopeful tells reporters he won’t lead the country into default if he wins the presidential election in October.