Tag: debt

• Friday, May 8th 2020 - 09:23 UTC

  Argentina's countdown to ninth default; some bondholders and IMF trust a last minute understanding

  

  Argentina's Economy Minister Martin Guzman has given the country's biggest bondholders until this Friday to accept the offer he has put on the table to suspend payments until 2023 and reduce interest rates thereafter. One of the largest of those creditors, the investment management firm BlackRock, rejected Guzman's proposal and immediately presented a counteroffer.

• Tuesday, April 21st 2020 - 08:52 UTC

  Ecuador receives temporary reprieve to defer interest payments

  

  Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.

• Thursday, April 16th 2020 - 11:10 UTC

  G20 supports temporary halt to debt payments by world's poorest nations

  

  The Group of 20 nations announced support on Wednesday for a temporary halt to debt payments by the world's poorest nations as they struggle to deal with the coronavirus pandemic.

• Thursday, April 2nd 2020 - 07:51 UTC

  Carnival Cruises raises US$ 6,25bn in new debt and equity but at very high cost

  

  Carnival Corp, the world's largest cruise operator, said it has raised US$6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.

• Saturday, March 21st 2020 - 09:24 UTC

  IMF's technical guidance on Argentine public debt sustainability

  

  At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released on Friday a technical note prepared by IMF staff on Argentina’s public debt sustainability.

• Friday, January 31st 2020 - 10:59 UTC

  Argentine president meets Pope Francis, and later Italian premier and president

  

  Argentine President Alberto Fernandez is in Italy, the first leg of his tour of Europe, which begins Friday with an official visit to Pope Francis, and Italian leadership, after which he will concentrate on trying to renegotiate the country's burdensome national debt.

• Thursday, January 30th 2020 - 08:24 UTC

  IMF positively cautious about Argentina's public policies prospects

  

  Greater certainty around Argentina’s public policies could help reactivate growth and investments in the recession-hit country, the International Monetary Fund said on Wednesday.

• Saturday, January 25th 2020 - 09:34 UTC

  Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

  

  Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.

• Saturday, January 18th 2020 - 08:45 UTC

  Another Argentine province, Chubut, asks to delay payments on debt

  

  The government of Argentina's Chubut province will seek to delay payments on debt after Buenos Aires province, Argentina's largest, also asked its creditors for extensions as the country grapples with a debt crisis, local media reported on Friday.

• Friday, December 20th 2019 - 09:50 UTC

  World Bank warns on wave of growing debt in emerging and developing nations

  

  A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned on Thursday.