Tag: Argentina IMF

Thursday, August 29th 2019 - 10:50 UTC
Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.
Thursday, August 29th 2019 - 09:49 UTC
IMF held “productive talks” in Argentina and is analyzing the impact of the latest debt operation announced

The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said. IMF staff understands that Argentina has taken “important steps” to address liquidity needs and safeguard reserves, the statement by IMF spokesman Gerry Rice said.
Wednesday, August 14th 2019 - 08:08 UTC
Argentina’s political rivals must face up to urgent economic realities

By Héctor Torres (*) for Financial Times - Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option.
Saturday, August 3rd 2019 - 07:19 UTC
S&P retained its 'B' rating for Argentine debt

Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.
Tuesday, May 14th 2019 - 11:12 UTC
IMF says it can live with another possible government of Cristina Fernandez

The head of the IMF mission currently in Buenos Aires for the fourth review of the economic program signed by the administration of president Mauricio Macri last year, said that the Fund does not fear a possible return of ex president Cristina Fernandez to office.
Wednesday, May 8th 2019 - 12:54 UTC
IMF mission arrives in Argentina: Central bank policy, inflation and revenue in the agenda

A new IMF mission is expected in Argentina this e Wednesday for the fourth review of the country's economic plan which is supported by a 36 month stand-by credit from the multilateral financial institution. It's the first IMF visit since Argentina's Central Bank major strategy change in the foreign exchange market to avoid another meltdown of the Argentine currency.
Wednesday, May 1st 2019 - 02:49 UTC
The Argentine Peso responds to central bank measures sponsored by the IMF

Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.
Tuesday, April 16th 2019 - 09:19 UTC
Argentina begins IMF approved daily auction of US$ 60m to recover Pesos

Argentina sold US$ 60 million in the foreign exchange market on Monday, traders said, marking the start of peso-buying program approved by the International Monetary Fund and aimed at bolstering government finances.
Tuesday, March 19th 2019 - 06:16 UTC
IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks continued in Washington DC after the end of the mission.
Saturday, March 2nd 2019 - 05:31 UTC
Macri defended his austerity policies before Congress in the midst of applause, and heckling from the opposition

President Mauricio Macri delivered a robust defense of his austerity policy on Friday in a State of the Union address to Argentina's Congress ahead of a reelection bid in October. Macri went on the offensive in a turbulent session that featured shouts and heckling from opposition lawmakers, declaring there was no turning back on his policies.