MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2024, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[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.

]]>
Thu, 29 May 2014 05:37:00 GMT
<![CDATA[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.

]]>
Tue, 27 May 2014 08:34:00 GMT
<![CDATA[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.

]]>
Tue, 19 Nov 2013 07:22:00 GMT
<![CDATA[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.

]]>
Fri, 25 Oct 2013 06:08:00 GMT
<![CDATA[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.

]]>
Sat, 19 Oct 2013 16:11:00 GMT
<![CDATA[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.

]]>
Fri, 11 Oct 2013 07:52:00 GMT
<![CDATA[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.

]]>
Fri, 11 Oct 2013 07:21:00 GMT
<![CDATA[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.

]]>
Fri, 13 Sep 2013 20:50:00 GMT
<![CDATA[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.

]]>
Fri, 13 Sep 2013 01:34:00 GMT
<![CDATA[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.”

]]>
Mon, 02 Sep 2013 19:49:00 GMT