News of reprofiling

DEBT RESTRUCTURING

IMF backs Argentina's debt offer, saying only 'limited scope' to improve it

01-06-2020 15:21 IMF makes another public push to support the government’s debt restructuring offer, saying there's here’s little room to further increase payments to private creditors.

DEBT RESTRUCTURING TALKS

Argentina aiming to sign new IMF programme in 2020, says Guzmán

28-05-2020 23:30 "It is something that is going to happen in the course of 2020," says Economy Minister Martín Guzmán.

DEBTORS & CREDITORS

IMF ‘stands ready to help Argentina’ through ‘difficult times’ ahead

09-05-2020 07:57 Fund spokesperson Gerry Rice ‘hopeful’ deal can be reached with creditors to avoid default.

DEBT RESTRUCTURING

Government proposes US$69-billion debt restructuring plan

10-03-2020 08:15 With Decree 250/2020, government confirms proposal to restructure US$69 billion of public debt.

DEBT RESTRUCTURING

Cristina raises stakes for Argentina's crucial talks with IMF

15-02-2020 09:17 Vice-president lays into IMF, as government officials welcome mission team to Argentina.

Bloomberg

IMF heads to BA for talks with poker-faced Fernández

11-02-2020 09:01 President Alberto Fernández has likened renegotiating the nation’s debt load to playing poker – but this week, he'll finally have to show some of his cards.

IMF CREDIT-LINE

Fernández says he won't seek remaining US$11 billion from IMF

26-11-2019 19:29 President-elect says he will not seek disbursement of the remaining US$11 billion of Argentina's record US$57-billion credit-line with the International Monetary Fund.

signs from Washington

US tells Fernández it expects him to 'uphold commitments' in IMF deal

31-10-2019 09:56 US Treasury Secretary Steven Mnuchin tells incoming government that Washington expects Argentina to uphold its commitments laid out in IMF loan package.

BLOOMBERG

Alberto Fernández hints at bond haircut of about 20%

25-10-2019 09:17 Presidential hopeful has repeatedly referred to the default – or the reprofiling, as he likes to call it – in neighbouring Uruguay in 2003 as a model for what he’d like to do to make Argentina’s US$100-billion debt load more manageable. But is that really possible?

BLOOMBERG

Patagonia summit sheds light on mood before election

07-10-2019 07:00 Argentine executives are preparing for the next government with a mix of pessimism, resignation and even some humour.

Bloomberg

Government says it has met targets to receive more IMF money

30-09-2019 17:58 “Argentina, as I’ve said many times, has complied with all targets required for this disbursement to happen,” says Central Bank chief Guido Sandleris.

BLOOMBERG

Hernán Lacunza: Government's debt plan needs approval from opposition

20-09-2019 16:49 Government sent a bill to Congress late Thursday to kick start talks around extending maturities on local law bonds to alleviate fears of a looming default.

LEGISLATION

Government to seek support before submitting bill to 'reprofile' local debt

02-09-2019 16:46 After talks with the legislative branches of the Cambiemos coalition, Executive decides to seek consensus with opposition lawmakers beforehand submitting project.

FINANCIAL TURMOIL

Government tells banks they need approval to move profits overseas

31-08-2019 00:25 Brutal week for peso and reserves closes with first capital control after Central Bank orders financial institutions to seek authorisation before transferring.

BLOOMBERG

Argentina says it will buy bonds from local funds hit by withdrawals

30-08-2019 14:02 Central Bank tries to stem investor panic and stabilise mutual fund industry.