Tag: Argentina IMF

Friday, February 26th 2021 - 13:54 UTC
IMF admits discussions with Argentina continue but no meeting planned for May

IMF has no date yet set for its next visit to Argentina to discuss replacement to a failed 2018 program, a spokesman for the Fund advanced on Thursday. The parties could next meet in Washington soon, as Argentine Economy Minister Martin Guzman will visit the U.S. capital next month, according to Buenos Aires sources.
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$70 billion in foreign debt, but the country is not yet ready to make a formal proposal to creditors, according to political sources in Buenos Aires.
Tuesday, March 10th 2020 - 18:01 UTC
Argentina ready to begin restructuring of US$ 70bn in foreign law bonds

Argentina will revamp as much as US$ 68.8 billion in foreign law bonds as it restructures its debt, the government said in a decree on Tuesday, paving the way for tense negotiations as the country looks to strike a deal with creditors this month.
Thursday, March 5th 2020 - 08:55 UTC
Representatives of Argentine sovereign bond holders meet with minister Guzman

Argentina’s minister of economy met with representatives of several major creditors, including asset management firm Pimco, a company executive and a ministry source said on Wednesday, as separate talks continued with the International Monetary Fund.
Friday, February 28th 2020 - 07:55 UTC
IMF mission arrives in Buenos Aires next Monday to continue negotiations

The International Monetary Fund will send another mission to Argentina to continue debt strategy talks and discuss “next steps,” IMF spokesman Gerry Rice said on Thursday, as the country seeks to renegotiate its US$ 57 billion financing package.
Monday, February 24th 2020 - 06:30 UTC
US Treasury Secretary welcomes Argentina's talks with IMF on Article IV

U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted country said it would launch consultations, starting Monday, that could lead to a new funding program.
Saturday, February 22nd 2020 - 10:15 UTC
Could China end going to the rescue of crisis-prone Argentina?

Argentina is thought to be on the brink of falling into its ninth sovereign default, prompting some analysts to speculate whether the crisis-prone South American country might be tempted to accept funding from China.
Thursday, February 20th 2020 - 18:10 UTC
IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:
Friday, February 14th 2020 - 21:08 UTC
Fernandez insists Argentina needs more time to honor its debt with IMF

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.
Friday, February 14th 2020 - 20:46 UTC
Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital

Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.