MercoPress. South Atlantic News Agency
IADB credits to Argentina this year will total 1.3 billion USD
The Inter-American Development Bank, IADB, will lend Argentina 1.3 billion US dollars this year, the bulk of which will be used for infrastructure projects, such as expanded roadways and sewage systems as well as a plan to improve neighbourhood conditions, announced president Luis Alberto Moreno. Read full article
Comments
Disclaimer & comment rulesLending to Argentina .. sounds risky !
May 28th, 2011 - 12:06 pm - Link - Report abuse 0I wonder where the iadb gets its money from,
May 28th, 2011 - 05:05 pm - Link - Report abuse 0if it knows what the Argetinean default rate is,
and if it does know this, why it wants to give away other people's money, money they won't get back.
once again the argies and the dogs, bite the hand that feeds them
May 28th, 2011 - 07:10 pm - Link - Report abuse 0argentina, would you give them YOUR LAST ROLO,
lololol
#1 #2 #3
May 28th, 2011 - 08:19 pm - Link - Report abuse 0Even paying with Central Bank reserves, Argentina paid off all your debts honorably, the rest is only hot air...
http://online.wsj.com/article/BT-CO-20110513-715526.html
“According to the bank's website, the IADB has approved five projects in Argentina.....” do you lot boys think IADB analyst are ignorants ? Pleae help them with your knowledge in economy :)
so_far with respect sir, are you trying to say, that argentina paid of all our debts,
May 28th, 2011 - 08:42 pm - Link - Report abuse 0i wonder if anyone has told mr camaron,, stop the cutbacks lol
So-Fa,
May 28th, 2011 - 10:04 pm - Link - Report abuse 0I think you mean that Argentina paid back all the money she borrowed.
Do you really believe this??
#5 *their debts, sorry (Argentina´s debts)
May 28th, 2011 - 11:48 pm - Link - Report abuse 0#6 i do believe.....there is facts that Argentina with big efforts is paying every cent (IMF, Pais Club, etc.) Is easy find the information if you´re interested and like the truth.
At the IMF website, it is said that public debt in Argentina fell from 185% of GDP in 2002 to around 40% in 2010.
May 29th, 2011 - 04:26 am - Link - Report abuse 0Has Argentina got a deal with the Paris club yet? And is paying 10cents on the dollar REALLY paying your debts back ??
May 29th, 2011 - 08:33 am - Link - Report abuse 0Let's not haggle over a few billion;
May 29th, 2011 - 10:48 am - Link - Report abuse 0the truth - as So-Fa says - is out there.
Much borrowing,
some default,
some repayment,
much new borrowing,
some fractional repayment.
What is absolutely untrue is that Argentina paid off all her debts honourably.
But then, some debts would take generations to pay off (as the British found with US War Loans from 1940),
and inflation seems a great way to nullify debt.
you gave me a nick pejorative. Bad starting
May 29th, 2011 - 12:33 pm - Link - Report abuse 0Nobody like to borrow money, but sadly that is the way of the world, and they all get stuck with it, i do not know if any nation is solvent and in the black, ][geoff] may know
May 30th, 2011 - 12:10 am - Link - Report abuse 0”the truth - as So-Fa says - is out there (...) much new borrowing”
May 30th, 2011 - 01:36 am - Link - Report abuse 0Geoff, the truth you can find in the link below. You'll probably not admit it, but you wish the UK could reduce its gargantual debt the way Argentina did. Argentina's fiscal deficit is small by international standards, and dismal by UK standards. :) Much new borrowing? There we have it: you talking out of your ass again.
http://www.imf.org/external/pubs/ft/weo/2011/01/weodata/weorept.aspx?sy=2001&ey=2010&scsm=1&ssd=1&sort=country&ds=.&br=1&c=213&s=GGXWDG_NGDP&grp=0&a=&pr.x=22&pr.y=8
Lesson 1 from Argentina.
May 30th, 2011 - 03:52 am - Link - Report abuse 0Q. How to reduce your debts?
A. Don't pay them unless you get a 90% discount.
And they think this is good ..... and makes them a power to be followed. lol
Forgetit,
May 30th, 2011 - 11:15 am - Link - Report abuse 0thanks for the link. I have been there before.
I didn't use it because the ratio (%) is composed of two largely independent variables - GDP and outstanding debt , both of which have changed massively over the years, especially the years of fluctuating hyperinflation.
Lenders do not benchmark what is owing to them against internal variables (though this is nice to know for forward planning and decisions on re-scheduling); they are maximally focused on the achievement of their repayment schedules.
Essentially, the 'ratio' can't be used as a descriptor of *absolute * debt, which is what we are talking about, whether or not benchmarked for inflation.
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