DEBT SWAP OFFER Government hails ‘success’ of 4.34-trillion local debt swap 10-03-2023 10:52 Argentina swaps 4.34 trillion pesos ($21.66 billion) in domestic debt, exchanging 64% of maturing notes for new ones due in 2024 and 2025.
increasing debt Debt has grown almost US$3 billion a month for last year 26-08-2022 11:11 Last month, the gross debt in a situation of normal payment rose to US$378.307 billion – around US$17 billion more than at the start of the year and US$35.747 billion more than July last year. In other words, the current fiscal deficit is close to three percent of gross domestic product, far from the targets pledged to the International Monetary Fund (IMF), whose review will begin in a few weeks. To meet them, the Central Bank would have to recover almost US$6 billion of reserves by December.
BLOOMBERG Government may offer put option on local bonds to entice buyers 12-07-2022 10:03 Central Bank in talks with private lenders about adding a put option to local bonds, according to sources.
DEBT SWAP Guzmán surprises markets with last-minute debt bond swap 23-06-2022 00:00 Economy Ministry eases 60% of June debt burden in local swap, drastically reducing pressure on the government; Government makes US$2.7-billion payment to IMF.
BRITISH POLITICS Johnson's Conservatives lose key councils in UK local elections 06-05-2022 09:27 UK Prime Minister Boris Johnson's Conservative party lost control of key councils in London, according to partial results from local and regional elections on Friday.
BRITISH POLITICS Embattled UK PM Boris Johnson faces local elections test 02-05-2022 11:12 A drubbing for Boris Johnson's Conservatives in Thursday's local elections could revive calls for the under-fire leader to go.
BLOOMBERG Government publishes decree on budget changes for 2022 22-02-2022 15:35 Government issues decree on Tuesday authorising more local debt issuance this year.
BLOOMBERG How China beat out the United States to dominate South America 18-02-2022 22:29 It’s no secret that China has been pouring resources into South America this century, chipping away at the United States' historic dominance. But an important shift has gone largely unnoticed in the country's approach to the region: going local to expand and strengthen its financial grip.