Tag: Hernán Lorenzino

Hernán Lorenzino
Thursday, May 29th 2014 - 05:37 UTC

Argentina announces an understanding with the Paris Club on defaulted debt

Kicillof is heading the negotiations and was described as very 'skillful'

Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

Tuesday, May 27th 2014 - 08:34 UTC

Argentina in another negotiating round with the Paris Club of creditors

Kicillof, the 'wonder economics boy' of the Cristina Fernandez team is scheduled to meet creditors on Wednesday

Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.

Tuesday, November 19th 2013 - 07:22 UTC

Cristina Fernandez reshuffles cabinet and names new economic team

Capitanich, cabinet chief and Kicillof, Economy minister

The administration of Argentine President Cristina Fernández announced on Monday a major cabinet reshuffle naming Chaco governor Jorge Capitanich as new cabinet chief and Axel Kicillof Economy minister while the Central bank will have a new president, Carlos Fabrega.

Friday, October 25th 2013 - 06:08 UTC

Pacific Alliance economy ministers proved to be the best of the Americas in 2012

Two Mercosur economy ministers were described as the worst: Venezuela's Jorge Giordani   and Hernan Lorenzino from Argentina

Pacific Alliance economy ministers are rated among the best four in Latin-American, while those from Mercosur can't boast such merit, much to the contrary, according to the 2012 survey from the America Economica Intelligence report, which ranks the region's ministers in that field.

Saturday, October 19th 2013 - 16:11 UTC

Argentina pays 500m dollars and settles pending disputes with private companies

Minister Lorenzino: Argentina will hand bonds due 2015 and 2017 with a face value of 506 million dollars

Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.

Friday, October 11th 2013 - 07:52 UTC

Argentina prepared to comply with World Bank arbitration and pay corporations with bonds

The administration of Cristina Fernandez so far had refused to comply with ICSID decisions

Argentina will offer 500 million dollars in sovereign bonds to resolve disputes with corporations at a World Bank arbitration panel, a financial daily newspaper reported on Thursday.

Friday, October 11th 2013 - 07:21 UTC

World Bank/Argentina agree on new Strategic partnership: 3bn dollars in loans

Argentina’s Economy minister Lorenzino and WB Vice-President for Latam and Caribbean, Hasan Tuluy.

The Argentine government and the World Bank agreed on Thursday in Washington on a new Strategic Partnership involving an estimated 3 billion dollars in the next three years which will concentrate on loans for education, health care and rural development.

Friday, September 13th 2013 - 20:50 UTC

Argentina formally requests US Supreme Court to review Appeals court favoring holdout hedge funds

Minister Lorenzino said Argentina will try to convince courts and creditors to accept the 2005 and 2010 structured debt terms

Argentina’s legal representation in Washington DC yesterday sent a petition for a writ of certiorari to the United States’ Supreme Court, requesting Justices to accept its appeal against the Second Circuit Court of Appeal’s ruling in favour of holdout hedge funds, which are demanding full repayment for bonds left unpaid by Argentina’s record-breaking 2002 default.

Friday, September 13th 2013 - 01:34 UTC

Argentina forecasted to expand 5.1% this year and 6.2% in 2014, says budget presented to Congress

Economy Minister Lorenzino said data is based on massive grains harvest and the automobile industry

Argentina's economy is expected to grow 6.2% next year, while GDP in 2013 is forecasted to expand 5.1% boosted by a massive grains harvest and the automobile industry, Economy Minister Hernan Lorenzino said on Thursday while presenting the 2014 budget bill before Congress.

Monday, September 2nd 2013 - 19:49 UTC

Argentine officials admit inflation is higher than the official release from Indec

Insaurralde is the big hope of Cristina Fernandez in the crucial Buenos Aires province electoral district

President Cristina Fernandez Victory Front’s parliamentary candidate for next October mid-term election, Martín Insaurralde admitted on Monday that inflation rate is higher than the one released by INDEC statistics agency although the agency is “transparent” and “must readjust to times and realities.”

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