News of loan

Hypocrisy rules!

15-01-2022 03:00 The heatwave that hit the Southern Hemisphere and Argentina with particular virulence this week seems to have fried the circuits of more than just the systems controlling the energy grid in the Metropolitan Area of Buenos Aires

by Agustino Fontevecchia

INTERNATIONAL MONETARY FUND

IMF report concludes 2018 loan ‘did not deliver on its objectives’

23-12-2021 14:09 IMF concludes record US$57-billion 2018 credit-line for Argentina, the largest in the multilateral lender’s history, “did not deliver on its objectives.”

'ex-post evaluation'

IMF says Argentina capital flow measures needed with 2018 deal

22-12-2021 22:10 IMF concludes record US$56-billion 2018 programme for Argentina didn’t succeed “in improving confidence” and was “fragile from its inception” despite the size of the loan.

IMF DEBT

Upcoming IMF report assessing 2018 loan promises to stir up local politics

03-12-2021 21:56 IMF’s board set to discuss report reviewing the record stand-by programme worth US$57 billion granted to the Mauricio Macri government.

INTERVIEW / PERIODISMO PURO

Martín Guzmán: ‘We want an agreement with IMF before March’

12-11-2021 00:01 Economy Minister Martín Guzmán discusses Argentina's talks with the International Monetary Fund at a crucial moment for the ruling Frente de Todos coalition – just days before the midterm elections.

by Jorge Fontevecchia

IMF DEBT

Argentina makes US$390-million interest payment to IMF

05-11-2021 01:53 Argentina made a payment of US$390 million Monday to the International Monetary Fund for interest on a US$44-billion loan it is seeking to renegotiate, the government said.

ECONOMY MINISTER

Martín Guzmán: ‘There will be no devaluation’

25-10-2021 11:02 Argentina’s economy minister plays down rumours of an upcoming devaluation, declares that record US$57-billion IMF credit-line was “a political loan” that helped finance Mauricio Macri’s re-election campaign.

IMF DEBT TALKS

President Fernández holds 'positive' talks with IMF chief in Rome

14-05-2021 14:16 President Alberto Fernández said Friday he was hoping to renegotiate Argentina's debt "as quickly as possible," after talks with the head of the International Monetary Fund (IMF) in Rome.

IMF DEBT TALKS

Fernández urges IMF to suspend surcharges on US$45-billion loan

12-05-2021 15:28 President Alberto Fernández urges IMF to suspend surcharges applied by the multilateral lender to countries that use its credit lines extensively.

IMF debt talks

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

GUZMÁN IN EUROPE

Guzmán discusses debt with Pope Francis at the Vatican

14-04-2021 12:33 Economy Minister Martín Guzmán met with Pope Francis at the Vatican on Wednesday, the latest stop on his European tour seeking support for Argentina's IMF debt talks.

IMF DEBT PROBE

Government to be plaintiff in IMF debt probe against ex-president Macri

11-04-2021 07:58 The State will act as a plaintiff in a case investigating whether former president Mauricio Macri (2015-2019) broke the law in securing a record US$57-billion loan from the International Monetary Fund (IMF) back in 2018.

IMF DEBT TALKS

Guzmán: IMF credit line deal will not be finalised before May

05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.

ECONOMY MINISTER

Guzmán flies to United States for talks with IMF, investors

18-03-2021 13:00 Economy Minister Martín Guzmán flies to New York for talks with investors. He is due to meet with IMF staff, including Managing Director Kristalina Georgieva, next week.

BLOOMBERG

IMF sees upside in delaying Argentina deal after October

11-03-2021 14:08 IMF officials see some benefit in delaying a US$45-billion agreement with Argentina after the October midterms, with talks yielding little progress six months after they began.

IMF DEBT RESTRUCTURING

Government considers using new IMF reserves for loan payment

26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.

BILATERAL RELATIONS

Don’t expect ‘carnal relations’ between Alberto and Joe Biden

23-01-2021 08:31 One actor could tilt the scales, though: Pope Francis. Biden is the second Catholic president of the US, preceded by John F. Kennedy. How much will the Peronist leader of the Holy See nudge Biden our way?

by Agustino Fontevecchia

THE WEEK IN REVIEW

The week: All eyes on America, with Argentina no exception

06-11-2020 00:01 The world is watching aghast at the wild way in which the US presidential elections are unfolding. Argentina, part of a pandemic-stricken world waiting to see what will happen, is no different.

by Martín Gambarotta

IMF DEBT TALKS

Guzmán: Argentina wants IMF deal with no payments until 2024

13-09-2020 22:50 Economy minister says Argentina wants to delay all IMF loan repayments until 2024 at the earliest in interview with La Nación.

IMF DEBT TALKS

Government formally opens debt rescheduling talks with IMF

27-08-2020 02:30 Government formally opens talks with IMF over new terms for repayment of record US$57-billion bailout agreed in 2018 by Macri administration.

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.