This Tuesday the incoming Uruguayan foreign minister Ernesto Talvi will be in Buenos Aires on an invitation from his future peer Felipe Solá, which has been interpreted as the first formal contact between the Kirchnerite government of Alberto Fernandez and that of president-elect Luis Lacalle Pou, who takes office on March first.
Argentine president Alberto Fernandez said that the country needs more time to honor its debt with the IMF and underlined he would like a commitment of the Fund with Argentina. He also welcomed what he described as a common sense dialogue with the IMF mission currently in Buenos Aires for a review of the country's finances and economic prospects.
Argentine president Alberto Fernández said he was not sure to attend the inauguration of Uruguayan president Luis Lacalle Pou, next March first, when he was expected to meet his Brazilian peer Jair Bolsonaro. Anyhow Fernandez insisted he was most willing to have an interview with Bolsonaro whenever possible.
Argentina inflation decelerated to 2.3% in January, the official statistics agency said on Thursday, well below analyst expectations for a 3.4% rise.
Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned that holders of Argentine debt will probably be disappointed by the restructuring, without providing specifics on how steep losses could be.
Recession-hit Argentina opened talks on Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. The delegation, led by Julie Kozack and Luis Cubeddu, arrived in Buenos Aires for a week-long visit as left-wing groups staged public protests to demand a suspension of debt payments.
Brazilian president Jair Bolsonaro has proposed a meeting with his Argentine peer Alberto Fernandez on March first in Montevideo when Uruguayan president-elect Luis Lacalle Pou takes office. The information was announced by Argentine foreign minister Felipe Solá, after meeting president Bolsonaro for fifty minutes at his office in Brasilia.
Argentina said it won’t make a local bond payment on time after failing to refinance the debt, declaring it won’t be “held hostage” by foreign investors demanding their money back. The maturity date for the note will be delayed to Sept. 30 from the original Feb. 13, the Economy Ministry said in a statement.
Pope Francis will receive former Brazilian president Lula de Silva next February 13, according to reports advanced by the country's media and later confirmed by Lula in his twitter account.
Argentine Vice President Cristina Fernandez de Kirchner said on Saturday in Havana that the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession.