Tag: Argentina IMF

• Thursday, September 26th 2019 - 09:56 UTC

  Resumption of Argentina's financial program with IMF frozen... and “will have to wait”

  

  Argentina’s financial program with the International Monetary Fund (IMF) will be on hold for some time as the nation grapples with severe political and economic uncertainty, the Fund’s Acting Managing Director David Lipton said an interview.

• Thursday, September 26th 2019 - 09:45 UTC

  Lagarde defends IMF decision to support Argentina with a record credit

  

  Christine Lagarde has defended the IMF decision to give Argentina a record credit line last year, even after the US$56-billion program fell short of stabilizing the nation’s troubled economy.

• Monday, September 16th 2019 - 09:47 UTC

  IMF choice: to unlock or not to unlock the last tranche of funds for Argentina

  

  The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.

• Thursday, September 12th 2019 - 09:55 UTC

  Questions on the role of the IMF in the Argentine financial situation

  

  Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.

• Monday, September 9th 2019 - 09:58 UTC

  Argentine presidential candidate proposes “a national unity government”: 'option can't be bad or worse'

  

  Argentine presidential candidate and ex Economy minister Roberto Lavagna said that the country needs “a national unity government” to overcome the current situation and it's no option having to choose between “bad and worse”.

• Thursday, September 5th 2019 - 09:57 UTC

  Argentine markets rebound, despite thousands of protestors in the streets

  

  Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country.

• Monday, September 2nd 2019 - 09:50 UTC

  IMF supports Argentina and its temporary currency controls

  

  The International Monetary Fund said it will stand by Argentina after the government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.

• Thursday, August 29th 2019 - 10:50 UTC

  Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities

  

  Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

• Thursday, August 29th 2019 - 09:49 UTC

  IMF held “productive talks” in Argentina and is analyzing the impact of the latest debt operation announced

  

  The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said. IMF staff understands that Argentina has taken “important steps” to address liquidity needs and safeguard reserves, the statement by IMF spokesman Gerry Rice said.

• Wednesday, August 14th 2019 - 08:08 UTC

  Argentina’s political rivals must face up to urgent economic realities

  

  By Héctor Torres (*) for Financial Times - Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option.