Argentina

• Monday, May 11th 2020 - 08:40 UTC

  Argentina expected to make official the extension of debt offer deadline

  

  Argentina is preparing to extend the deadline to its debt offer to May 22. The government will publish an extension to its debt offer in the official Gazette this Monday, part of President Alberto Fernandez’s next steps in its debt restructuring after extending a deadline over the weekend for creditors to accept an initial offer to exchange $65 billion in overseas bonds.

• Saturday, May 9th 2020 - 08:58 UTC

  Argentina extends mandatory lockdown in Buenos Aires and metropolitan area

  

  After 50 days in mandatory lockdown, Argentina's President Alberto Fernández announced on Friday that the quarantine will be extended until May 24th.

• Saturday, May 9th 2020 - 08:57 UTC

  Argentina open to proposals from bondholders: default deadline stands at 22 May

  

  Argentina will keep pushing for talks with creditors even as a deadline for its US$ 65 billion debt restructuring proposal passed on Friday with little sign it had the support needed from international bondholders to unlock a comprehensive deal. Apparently on averaged less than 20% of bondholders accepted Argentina's conditions

• Friday, May 8th 2020 - 09:23 UTC

  Argentina's countdown to ninth default; some bondholders and IMF trust a last minute understanding

  

  Argentina's Economy Minister Martin Guzman has given the country's biggest bondholders until this Friday to accept the offer he has put on the table to suspend payments until 2023 and reduce interest rates thereafter. One of the largest of those creditors, the investment management firm BlackRock, rejected Guzman's proposal and immediately presented a counteroffer.

• Thursday, May 7th 2020 - 13:10 UTC

  Hundreds of activists in Buenos Aires demand food for soup kitchens

  

  Several hundred activists blocked this week one of Buenos Aires' main avenues for hours to demand food for soup kitchens that feed hundreds of thousands in poor neighborhoods during the mandatory lockdown aimed at preventing the spread of the new coronavirus.

• Thursday, May 7th 2020 - 12:47 UTC

  Restructuring Argentina’s Private Debt is Essential

  

  By Joseph Stiglitz, Edmund S. Phelps, and Carmen Reinhart (*) – Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina but for the international financial system as a whole.

• Thursday, May 7th 2020 - 10:42 UTC

  Argentina has more reported cases of dengue (25.000) than of coronavirus (5,200)

  

  Argentina officially has 5.208 COVID 19 confirmed cases with a death toll of 273 since the pandemic broke out. However the country is suffering from even more acute disease infection, the mosquito-transmitted dengue, with some 25.000 confirmed cases, and of which 5.601 in the last three weeks.

• Wednesday, May 6th 2020 - 09:55 UTC

  Argentina and bondholders agree “much can change in the course of a week”

  

  The government of Argentina and its biggest bondholders are clashing over plans to restructure US$ 65 billion in foreign debt, with little sign of either side budging in last-ditch talks to strike a deal.

• Tuesday, May 5th 2020 - 07:14 UTC

  Argentine patrol arrests Chinese jigger illegally fishing in the county's EEZ

  

  The Argentine Navy sighted and arrested early Monday a Chinese jigger which was illegally operating in the country's EEZ. The report says that the ocean patrol vessel ARA Bouchard detected the Hong Pu 16, fishing with its Automatic Identification System turned off, but full lights on to catch squid.

• Monday, May 4th 2020 - 08:13 UTC

  Argentina arrested on Sunday a Portuguese trawler poaching in its EEZ

  

  The Argentine Coast Guard arrested on Sunday a Portuguese trawler poaching in the country's EEZ, and will in the next few hours be escorted to the port of Bahía Blanca where it will face charges.