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MercoPress, en Español

Montevideo, April 16th 2024 - 15:42 UTC

Tag: Argentina debt payment

  • Tuesday, December 15th 2020 - 15:03 UTC

    Lack of confidence, Argentine government main challenge in its first year

    But weakness in the peso has drained foreign reserves, while the central bank was forced into printing money to bolster the pandemic-hit economy

    Argentina's current government has had a wild ride in its first year of government: a sovereign default, huge debt restructurings together with sliding reserves, a currency crisis, a weak economy battered by COVID-19, and massive money printing.

  • Monday, May 2nd 2016 - 07:54 UTC

    Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

    The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress”, Finance Secretary Luis Caputo said.

    Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.