MercoPress. South Atlantic News Agency
Pillars of Argentina’s productive model and re-industrialization process are “solid”
Economy Minister Amado Boudou said that the pillars of the ‘productive model’ and re-industrialization process implemented by the Argentine government are solid consolidating social inclusion and distribution. Read full article
Comments
Disclaimer & comment rulesIf this makes Argentina better, then good luck to them, but i won’t hold my breath,
May 19th, 2011 - 10:41 pm - Link - Report abuse 0Oops, misread that ... thought the title said 'Pillocks ... ” :-/
May 20th, 2011 - 12:16 am - Link - Report abuse 0None of your business Brits... who cares if you hold your breath or not?
May 20th, 2011 - 01:01 am - Link - Report abuse 0None of your business [argies]who cares if you hold your ??@??
May 20th, 2011 - 01:26 pm - Link - Report abuse 0argent and tina a match made in odditty mmm
Does the Bicentenary Fund have the same checks & balances and long-term loan arrangement as a Development Bank (á la BNDES), and would the loans and repayments be inflation-proofed?
May 20th, 2011 - 06:44 pm - Link - Report abuse 0Just asking, because without a strong and honest control of the nations funding for industrial development, the money might be just pi*sed away or rapidly made worthless by inflation.
And Nico mentioned the great Default. Was this ever subsequently repaid?
@3M_F, You're correct, Martino. lt's none of our business just like the Falkland lslands are none of yours.
May 20th, 2011 - 09:11 pm - Link - Report abuse 0#1 and #6 I wish I could be a forgiving as my country men but I do care if you hold your breath or not, as a matter of fact hold it and stop wasting good oxigen in a body emnty of any independent brain activity, soo take you fakland island company and shove it where the sun don't shine, we are deeply sorry UK doesn't let you have any self determination, but in Argentina illegal aliens need to get their travel documents first to vote or determine anything in Malvinas Argentrina, I never heard Mexicans doing anything in USA without papers.
May 21st, 2011 - 08:21 pm - Link - Report abuse 0Nico,
May 21st, 2011 - 10:24 pm - Link - Report abuse 0re. my #5,
the Great Default was repaid in 2005/06 but subsequent borrowings are now risking default.
Debt and inflation is high but collapse is by no means a certainty.
Geoff.
7 I (#)
May 21st, 2011 - 10:30 pm - Link - Report abuse 0even when argentina is priased , you still dont understand,
and you wonder why the world does not understand or care,
with mates like you, argentines sure dont need agitators
#8 Geoff - “the Great Default was repaid in 2005/06” ??? Do not kid yourself; the Great Default has never been repaid!
May 21st, 2011 - 11:40 pm - Link - Report abuse 0Digging deep, it seems that both Argentina and Brasil paid the IMF back early because new high export demand for commodities gave them both the ability to do so.
May 22nd, 2011 - 02:08 am - Link - Report abuse 0“Argentina has paid in full—and earlier than expected—their entire outstanding obligations to the IMF amounting to $9.6 billion. IMF Managing Director Rodrigo de Rato welcomed the December 15 decision.
The decision made by Argentina’s authorities, de Rato said, “reflects their confidence that their external position is sufficiently strong to warrant early repayment.” Important challenges and opportunities lie ahead for Argentina, he said, and the Fund looks forward to maintaining a productive relationship with the government. “We remain ready to assist the Argentine authorities in any way that would help them address these challenges,” he commented.
Argentina’s obligations stem from Stand-By Arrangements that the Board originally approved in March 2000, January 2003, and September 2003, and include a small amount extended under the Extended Fund Facility approved in March 1992.
Under the original expectations basis schedules
Argentina’s final payment would have been in 2008.”
[Abstracted from the January 09, 2006 IMF Survey: page 9.
http://www.imf.org/external/pubs/ft/survey/2006/010906.pdf ]
Geoff - Yes, Argentina paid IMF, with the statement that IMF would never be welcomed in Argentina again. At the time of payment, the IMF debt was by far the smallest debt of Argentina. It still owes BILLIONS to other lenders.
May 22nd, 2011 - 05:10 pm - Link - Report abuse 0Thanks, Jerry.
May 22nd, 2011 - 07:11 pm - Link - Report abuse 0I was losing the will to live. Debts & defaults are hardly rivetting!
G.
Poor Brits always looking for cheap gossip and bitching around
May 23rd, 2011 - 08:41 pm - Link - Report abuse 0like a bunch of old men.
Re #14
May 23rd, 2011 - 10:08 pm - Link - Report abuse 0Welcome back . . . . . but who pulled your chain?
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