News of minister

El-Erian: Argentina and Ecuador diverge after bond restructurings

11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.

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.

Patricia Bullrich tests positive for coronavirus

03-09-2020 19:29 Former security minister and leader of PRO party confirms she has tested positive for Covid-19. She is receiving medical attention at the Azcuénaga branch of Medicus healthcare firm.

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.

Transport minister hopeful flights in Argentina 'will return in 60 days’

16-08-2020 08:51 Mario Meoni rules out chances of planes returning to skies on September 1 and says decision will depend on “how the pandemic evolves.”

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.

Support – and silence – from opposition economists in wake of debt deal

05-08-2020 00:31 Luis Caputo the most effusive in celebrating the government's deal with creditors, while Hernán Lacunza and Lucas Llach also express support. Alfonso Prat-Gay, the former official who was most critical of the deal, leads the criticism.

by Andrés Fidanza

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."

Argentina reaches US$65-billion debt restructuring deal with creditors

04-08-2020 08:59 Government says in a statement that deal with key creditors would provide “significant debt relief.” While it statement didn’t provide a net-present value for the agreement, sources say the deal is worth about 54.8 cents on the dollar.

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.

Creditors once again reject government's debt restructuring offer

28-07-2020 14:36 In a letter sent to Economy Minister Martín Guzmán, signed by 30 funds, main bondholder groups reiterate rejection of deal on table and say they hold veto power over any agreement.

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.

The ball is in the creditors' court, says Guzmán

16-07-2020 16:55 Economy Minister Martín Guzmán says Argentina is not seeking a "confrontational" relationship in debt talks and says the onus to make a deal is now on the country's creditors.

'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."

This is Argentina's final debt offer, Guzmán tells creditors

08-07-2020 17:33 Economy minister describes talks as "a cold shower of reality for creditors," as they've come to realise Argentina's limitations.

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. 

Ernesto Talvi, Uruguay's foreign minister, resigns post

01-07-2020 23:54 Talvi's move had been expected after he announced his intention last month to devote more time to his Ciudadanos political party.

Brazil's new education minister resigns over CV 'lies'

01-07-2020 09:15 Carlos Alberto Decotelli, the first black person to be appointed to the government of far-right President Jair Bolsonaro, resigns only five days after he was appointed amid accusations that he lied over his academic record.

Guzmán says Argentina cannot commit to demand from creditors group

23-06-2020 21:31 Guzmán says Argentina cannot commit to legal terms proposed by one of the leading creditor groups, the Ad Hoc Bondholder Group, but remains open to discussion.

Creditors accuse Argentina of 'terminating dialogue' in order to 'provoke division'

20-06-2020 08:46 Ad Hoc and Exchange Bondholder groups says they’re “united in disappointment” about the decision to “terminate dialogue” with creditors and extend talks at a critical juncture of negotiations.