The Argentine Ministry of Economy extended until June 2 the term to renegotiate the US$ 67 billion of debt securities issued under foreign law, with the aim of continuing negotiations with creditors.
The International Monetary Fund expressed optimism that Argentina can reach an agreement with private creditors “to establish a sustainable path in the future” when the government of President Alberto Fernandez formally extended the deadline term to reach an understanding on the US$ 67 billion debt.
Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.
Argentina's Jewish community has expressed outrage at the decision to print a banknote bearing the likeness of a doctor who expressed support for Nazi ideology and even backed Josef Mengele's experiments on Jewish prisoners in Auschwitz.
Oil companies in Argentina are obligated to maintain production, payrolls, and investment and cannot repatriate profits under a decree that establishes above-market prices for domestic crude. The decree published on Tuesday sets a minimum price of US$ 45/bl for domestic sales of light sweet Medanito crude.
The head of the port's administration of Puerto Madryn, in Argentine Patagonia, said that so far the coming 2020/21 cruise season “stands”, and the first vessel is scheduled to call in the Chubut province maritime terminal next 25 October, despite the pandemic.
Argentina’s government and its creditors are edging toward a deal to revamp US$ 65 billion in foreign debt but still have a distance to close between an initial offer from the government and counteroffers from bondholders ahead of a Friday deadline.
Argentina's second city Cordoba has rolled back on the easing of lockdown measures following a sharp spike in coronavirus infections, authorities said on Tuesday. Social isolation measures have been in place in Argentina since March 20, but some local and regional authorities were allowed to relax those, particularly in areas with few cases.
The latest annual report, which is available through his website timatkin.com, is the eighth of his annual reports from Argentina. Atkin said: “I first went to Argentina in 1992 and the transformation has been remarkable. I can’t think of another country, even South Africa that has changed so much in my wine writing lifetime.
In the midst of the pandemic Argentine vice president, Cristina Fernandez managed one of the objectives that the opposition claims were part of the political agreement with current head of state Alberto Fernandez, who was elected with the landslide of votes from the former president.