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Montevideo, February 2nd 2023 - 18:20 UTC

Tag: Argentine debt

  • Wednesday, January 4th 2023 - 10:11 UTC

    Debt swap brings relief to Argentina's coffers

    In this new scenario, the Government will have to face the largest maturities in July, according to analysts in Buenos Aires' financial circles

    The Argentine government has successfully undertaken a debt swap in local pesos worth about US$ 16.813 billion, thus extending large maturities scheduled for the first quarter of the year, it was announced.

  • Friday, December 23rd 2022 - 18:21 UTC

    Argentina's Central Bank reserves up after IMF disbursements

    “Continued decisive policy actions are beginning to bear fruit,” Gita Gopinath said

    Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.

  • Thursday, July 28th 2022 - 09:10 UTC

    Argentina's never ending tragic farce

    Markets go crazy, and the peso tumbles, resulting in a 150% gap between the black-market exchange rate – euphemistically known locally as the blue rate – and the official rate.

    By Andrés Velasco (*) - Argentine voters are no strangers to financial turmoil, but they keep electing politicians who run large fiscal deficits and finance them by printing pesos. Could it be that the only way for politicians to show they want to save the economy is to destroy it first?

  • Tuesday, July 26th 2022 - 10:51 UTC

    World Bank officials meet Batakis and confirm continued support for Argentina

    “Argentina values its long-term partnership with the World Bank for its financial and technical support,” said minister Silvina Batakis

    World Bank Managing Director of Operations, Axel van Trotsenburg met with Silvina Batakis, Minister of Economy. Mr. van Trotsenburg and Minister Batakis discussed the global impacts of inflation and the war in Ukraine and Argentina’s role in helping to ease the world’s food crisis as a major agricultural producer.

  • Tuesday, July 26th 2022 - 09:20 UTC

    World Bank US$ 200 million loan to promote innovation and entrepreneurship in Argentina

    “The culture of encounter and the popularization of technology are the best instrument to close social gaps,” said Gustavo Béliz, Secretary for Strategic Affairs.

    The World Bank Board of Directors approved a US$200 million loan to promote sustainable growth in Argentina, driven by innovation and focused on the creation of technology-based companies, support for entrepreneurs, and access to private capital.

  • Tuesday, July 5th 2022 - 20:16 UTC

    IMF vows to keep working alongside Argentina

    “We have to be realistic and honest: tensions will exist” with the IMF, Batakis admitted

    The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.

  • Wednesday, June 29th 2022 - 09:57 UTC

    IMF wires nearly US$ 4bn to Argentina's coffers

    “The authorities remain committed to the agreed multifaceted strategy,” Georgieva explained

    The International Monetary Fund (IMF) has wired US$ 3,980 million to Argentina, thus boosting the country's reserves to US$ 42,139 million, it was reported in Buenos Aires.

  • Wednesday, May 11th 2022 - 20:36 UTC

    US Ambassador compliments Argentine gov't

    President Fernández is “taking this ship to a good port,” Stanley said.

    The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying “the work he did was impressive.”

  • Tuesday, May 3rd 2022 - 09:55 UTC

    Argentina's Economy Minister in President Fernández's Achilles tendon

    Guzmán's agreement with the IMF needs reviewing because it was based on inflationary projections which have already fallen short of reality's figures

    As Argentina's inflation continues to grow with no end in sight and the news is that guidelines agreed upon with the International Monetary Fund (IMF) already need to be reviewed because they were based on a CPI that is no longer attainable, Economy Minister Martín Guzmán is beginning to take flak from friends and foes alike, casting doubts on his chances of remaining in office.

  • Thursday, April 21st 2022 - 09:59 UTC

    IMF: inflation is Argentina's main threat

    Some of the global changes are good for Argentina, Georgieva pointed out

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday said the greatest risk facing Argentina was inflation. She made those remarks during a speech at the Joint Assembly of the IMF and the World Bank in Washington, DC.