Argentina

Saturday, April 4th 2020 - 09:18 UTC
Chaos in Argentine banks as crowds tried to collect government assistance

Argentines left their homes in droves as banks reopen their branches to give out government assistance. Thousands of pensioners and citizens who receive government welfare lined up outside banks to get their monthly payments. Branches, which have been closed since a nationwide lockdown began March 20, reopened Friday so that citizens who can't receive the payments on debit could receive the cash.
Saturday, April 4th 2020 - 09:05 UTC
Moody's downgrades Argentina's credit rating

Moody's downgraded Argentina’s credit rating on Friday, cutting it to Ca from Caa2 in a move that reflects the firm’s expectation that private creditors will incur losses as a result of the government’s efforts to restructure its sovereign debt.
Saturday, April 4th 2020 - 08:08 UTC
World Bank US$ 35 million emergency loan for Argentina to combat coronavirus

The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. This financing forms part of a World Bank fast track package of up to US$ 14 billion to help countries cope with the health and economic impacts of the COVID-19 pandemic.
Saturday, April 4th 2020 - 07:21 UTC
500th anniversary of first mass in Argentina was celebrated in Rio Gallegos

On Wednesday, April first, the Bishop of Río Gallegos, Bishop Jorge García Cuerva, presided over a Eucharistic celebration in commemoration of the 500th anniversary of the first Mass celebrated on what would later be Argentine soil.
Friday, April 3rd 2020 - 08:54 UTC
Argentina under lockdown makes time to recall the start of the Malvinas conflict, 38 years ago

“On April 2nd we claim sovereignty over our Malvinas Islands” was the message twitted by Argentine president Alberto Fernandez on the Malvinas War Veteran and Fallen Day, outstanding date in the official calendar of the country which recalls that 38 years ago, Argentine forces invaded the Falklands, triggering a conflict that would end 74 days later.
Friday, April 3rd 2020 - 07:59 UTC
Argentina continues talks but moves forward plans for debt restructuring

Argentina will continue talks this week and next with creditors over restructuring its US$ 83 billion in foreign debt, Economy Minister Martin Guzman said after the country missed the March 31 deadline it had set previously.
Friday, April 3rd 2020 - 07:58 UTC
Australian cruise vessel stranded in Montevideo; following medical checks, healthy passengers could be released

Uruguay's foreign and public health ministers have said that none of the over 200 people on board the cruise vessel Greg Mortimer will be allowed to disembark in Montevideo for the moment since several passengers and crew members seem to have coronavirus symptoms.
Wednesday, April 1st 2020 - 10:31 UTC
Argentines requesting food assistance jump to 11 million; government had estimated four million

The Argentine government said on Tuesday that the number of people requesting food assistance has increased following the government lockdown to help prevent the spread of COVID-19, leaving some unable to work.
Tuesday, March 31st 2020 - 12:58 UTC
Foreign debt must wait: “the pandemic and Argentines' health are priorities”

Honoring foreign debt will have to wait because given the coronavirus pandemic priority is now the health of the Argentines, said president Alberto Fernandez on Monday, adding he would not let local companies fire o declare workers redundant.
Tuesday, March 31st 2020 - 12:45 UTC
Argentina expected to make a symbolic US$ 225 million interest payment

Argentina will layout “guideposts” this week for a restructuring of its nearly US$70 billion in foreign debt, but the country is not yet ready to make a formal proposal to creditors, according to political sources in Buenos Aires.