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Montevideo, April 21st 2024 - 08:45 UTC

Tag: Argentine debt

  • Wednesday, July 19th 2023 - 10:38 UTC

    Argentine team starts talks with IMF toward new deal

    If negotiations are successful, Massa might travel to the US by Friday

    Argentina's Economic Policy Secretary Adolfo Rubinstein; Chief Advisor Leonardo Madcur; and Central Bank (BCRA) Vice-President Lisandro Cleri started Tuesday in Washington DC a new round of negotiations with a technical team of the International Monetary Fund (IMF) to finalize a new agreement ahead of this year's presidential elections, it was confirmed by an IMF spokesperson.

  • Wednesday, May 31st 2023 - 11:00 UTC

    Minister Massa announces agreements for about US$ 1 billion

    Massa will conclude his Chinese tour on Friday

    Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.

  • Tuesday, May 9th 2023 - 10:55 UTC

    Talks between Argentina and IMF “progressing constructively”

    Argentina hopes the IMF makes all of its 2023 disbursements next month

    The International Monetary Fund (IMF) admitted negotiations with the Argentine Government were still going on toward a redesigning of the country's program in light of the present drought, while Casa Rosada sources agreed that “the conversations” were “progressing constructively.”

  • Wednesday, May 3rd 2023 - 11:55 UTC

    Lula promises to help his “friend” Alberto Fernández

    Alberto may fly back to Argentina calmer, Lula said. “It is true that without any money, but with a lot of political disposition...”

    Argentine President Alberto Fernández Tuesday thanked his Brazilian colleague Luiz Inácio Lula da Silva for the latter's commitment to helping Argentine overcome the current crisis: “I celebrate the explicit support that Lula has given us as a country and as a government,” Fernández said after the meeting at the Alvorada Palace. He also highlighted Lula's pledge to strengthen Brazilian exports and support negotiations with the International Monetary Fund (IMF).

  • Saturday, April 1st 2023 - 10:39 UTC

    IMF okays US$ 5.4 bn disbursement for Argentina

    ”The Board decision makes possible an immediate disbursement of US$ 5.4 billion (SDR 4 billion), bringing total disbursements under the agreement to about US$ 28.9 billion,” the IMF said.

    The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

  • 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.

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