News of minister

Guzmán plays down prospects of an early IMF deal

29-11-2020 23:08 In an interview with the Financial Times, Economy Minister Martín Guzmán plays down the chances of an early agreement with the International Monetary Fund over repayment of US$44-billion loan.

María Eugenia Bielsa out as housing minister, Ferraresi to replace her

12-11-2020 00:22 The first Cabinet change in 11 months of the Alberto Fernández presidency materialised Wednesday with the resignation of Housing Minister María Eugenia Bielsa, following several days of rumours.

Domestic flights restart in Argentina after seven-month stoppage

23-10-2020 02:14 Argentina resumed regular domestic flights on Thursday after an interruption of seven months due to the Covid-19 pandemic. Services are limited to essential workers and those needing medical treatment for now, with only Formosa maintaining ban on aviation.

Government approves return of domestic flights

16-10-2020 03:07 Transport Ministry authorises restricted return of domestic flights. Initially services limited to essential workers, exceptional circumstances and those needing medical treatment, with tourism and trips abroad unlikely before December at the earliest.

Yoshihide Suga named Japan's prime minister, succeeding Abe

16-09-2020 15:54 Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man.

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

Ex-Spanish minister to testify over Franco-era deaths before Argentine judge

03-09-2020 17:06 Rodolfo Martín Villa, 85, who served as Spain's interior minister in the late 1970s, will testify from the Argentine Embassy in Madrid, answering questions from Buenos Aires over alleged role in 12 violent deaths dating back to end of Franco dictatorship.

Guzmán confirms 99% of overseas debt restructured in swap

31-08-2020 17:52 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.

Argentina’s creditors will get better debt deals from provinces

14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.

Culture matters more than computers

08-08-2020 09:51 The technology that provides people with the equivalent of dozens of huge libraries is certainly marvellous, but only those who have already been fairly well educated are able to benefit from having the accumulated wisdom of humankind there at their fingertips.

by James Neilson

Creditors 'pleased' with 'preliminary agreement' on debt restructuring

04-08-2020 23:43 IMF chief Kristalina Georgieva welcomes debt deal reached by Argentina and its creditors as a "very significant step."

Economists praise debt deal but warn challenges on horizon

04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.

Argentina, creditors inch closer on US$65-billion debt deal

03-08-2020 17:47 The sides have moved closer over the weekend and are discussing a deal where creditors would receive about 54.8 cents on the dollar, according to three people with direct knowledge of the talks.

Ecuador wins bondholders’ approval for debt restructuring

03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.

Argentina's creditors boost bargaining power with new funds

27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.

Fernández asks creditors for 'understanding' on debt offer

22-07-2020 01:18 Argentina simply cannot pay more than the offer that is on the table, president says during Council of the Americas event.

'We can't do more than this,' Fernández tells Argentina's creditors

13-07-2020 23:54 President says in a radio interview that Argentina has made its "maximum effort" to reach an agreement with bondholders, reiterating that what's on the table is the country's "final offer."

Ecuador’s speedy debt deal underscores Argentina’s hang-ups

10-07-2020 17:31 President Lenín Moreno’s administration struck an agreement with some of its top bondholders this week ahead of a mid-August deadline, when a moratorium on payments ends. By contrast, Argentina has presented a second binding offer to creditors after pushing back its deadline five times.

Favourable initial reaction to Argentina's new debt swap offer

08-07-2020 16:58 Two investment funds, Gramercy and Fintech Advisory, express approval for Argentina's new debt restructuring offer. Creditors entering the swap stand to obtain 53.5 cents for every dollar loaned as against 39 cents in the first offer rejected by most creditors. 

Government files new debt restructuring offer with SEC

07-07-2020 14:04 Argentina formally presents its new proposal to the US Securities and Exchange Commission, extending deadline for acceptance to August 4.