Tag: Argentine debt

• Saturday, February 19th 2022 - 09:19 UTC

  Ahead of another major blunder, an Argentine haircut for the IMF

  

  By Willem H. Buitter – By approving an unprecedentedly large loan to Argentina in mid-2018, despite the country's failure to meet basic borrowing conditions, the International Monetary Fund committed a major blunder. Rather than compounding the mistake with another similar program, it should accept reality – and responsibility.

• Friday, February 18th 2022 - 10:25 UTC

  Argentina’s Central Bank raises interest rates amid growing inflation

  

  Argentina’s Central Bank (BCRA) Thursday increased interest rates to 42.5%, it was announced. The measure is consistent with recent talks between the Government of President Alberto Fernández and the International Monetary Fund (IMF).

• Wednesday, February 16th 2022 - 09:46 UTC

  Argentina's inflation reaches 3.9% in January

  

  Despite requirements from the International Monetary Fund (IMF) that inflation needs to be under control, Argentina's National Institute of Statistics and Censuses (Indec) Tuesday reported January's figures had reached 3.9% for a 50.7% YoY.

• Friday, February 11th 2022 - 09:31 UTC

  Argentine opposition to support Congressional approval of IMF deal

  

  Argentina's main opposition political coalition Together for Change (Juntos por el Cambio - JxC) Thursday announced it will support the agreement with the International Monetary Fund (IMF) so as to never “push Argentina to default.”

• Thursday, February 3rd 2022 - 23:00 UTC

  Argentina's dependency on US needs to stop, President Fernández tells Putin

  

  President Alberto Fernández Thursday told his Russian counterpart Vladimir Putin in Moscow that “Argentina has to stop having such a great dependency on the IMF and the United States.”

• Wednesday, February 2nd 2022 - 20:49 UTC

  IMF concerned over future of Argentine deal due to political turmoil

  

  Argentina's representative to the International Monetary Fund (IMF) Sergio Chodos Wednesday said in a radio interview the multinational body was concerned after Deputy Máximo Kirchner's resignation as majority leader, which might jeopardize the Congressional approval of the preliminary understanding reached last week.

• Wednesday, February 2nd 2022 - 09:55 UTC

  Argentina's deal with IMF will get through Congress, House Speaker says

  

  Argentina's Lower House Speaker Sergio Massa Tuesday said the ruling Frente de Todos (Everybody's Front - FdT) remained united and guaranteed the recent agreement with the International Monetary Fund (IMF) will get through Congress.

• Tuesday, February 1st 2022 - 09:11 UTC

  Argentina: Máximo Kirchner resigns as Lower House majority leader

  

  The recent deal between the Argentine Government of President Alberto Fernández and the International Monetary Fund (IMF) is taking its toll on the country's political leadership front after Lower House Majority Leader Máximo Kirchner announced Monday he would resign that position.

• Friday, January 28th 2022 - 20:04 UTC

  Argentina reaches agreement with IMF, dodges default

  

  The Government of Argentina and The International Monetary Fund (IMF) Friday reached an agreement for the repayment of the South American country's debt stemming from a loan granted under the administration of Former President Mauricio Macri.

• Thursday, January 20th 2022 - 09:52 UTC

  Soap opera foreign policy: US tells Argentina keep up negotiations with IMF

  

  Last October when Argentine president Alberto Fernandez left for Rome to the G20 leaders' summit, his office informed that he was expecting to meet with US president Joe Biden to among other issues address support for Argentina in its ongoing exhausting negotiations with the IMF.