Tag: Hernan Lacunza

• Thursday, January 23rd 2020 - 12:08 UTC

  Buenos Aires province bond mired in controversy over honoring repayment

  

  Argentine sovereign and provincial bonds dipped on Wednesday as the provincial government in Buenos Aires was forced to extend a deadline for creditors to agree or reject a plan to delay a US$ 250 million bond repayment originally due on Jan. 26.

• Tuesday, November 26th 2019 - 09:52 UTC

  New IMF head of mission in Argentina, as Macri prepares to step down from office

  

  The International Monetary Fund has named as head of its mission in Argentina, Luis Cubeddu, 53, replacing Italian born Roberto Cardarelli. Cubeddu is knowledgeable in Argentina since he was in Buenos Aires between 2002/04, during a similar financial pre-default situation, as a member of the IMF representation.

• Tuesday, November 26th 2019 - 09:48 UTC

  Argentina 2019: annual inflation of 55% and economy contraction of 2.7%

  

  Argentina will finish 2019 at 55% annual inflation, the country’s treasury minister said on Monday, capping off a tumultuous year for Latin America’s No. 3 economy that also saw voters usher in a new leftist government.

• Tuesday, October 29th 2019 - 09:59 UTC

  Macri and Fernandez agree to start an orderly transition ensuring “dollars and social peace”

  

  Argentine president Mauricio Macri and president-elect Alberto Fernandez met on Monday midmorning at Government House, Casa Rosada, to discuss terms for an orderly transition until next 10 December when the new government takes office, plus exchange names of the two teams that will be involved in the discussions.

• Thursday, September 26th 2019 - 09:56 UTC

  Resumption of Argentina's financial program with IMF frozen... and “will have to wait”

  

  Argentina’s financial program with the International Monetary Fund (IMF) will be on hold for some time as the nation grapples with severe political and economic uncertainty, the Fund’s Acting Managing Director David Lipton said an interview.

• Wednesday, September 25th 2019 - 09:54 UTC

  Macri holds a 'constructive meeting' with IMF, but no news about the pending tranche of a major loan

  

  Argentine President Mauricio Macri met with his International Monetary Fund backers in New York on Tuesday, but there was little light shed on whether the body was likely to approve a key US$ 5.4 billion tranche of funds to the indebted country.

• Tuesday, September 24th 2019 - 09:53 UTC

  Argentine biggest bondholders to meet with Treasury Secretary Lacunza

  

  A group of Argentina’s biggest bondholders will meet with the country’s treasury minister in New York this Monday to hear how Latin America’s third-largest economy plans to dig itself out of its latest debt crisis.

• Monday, September 2nd 2019 - 09:50 UTC

  IMF supports Argentina and its temporary currency controls

  

  The International Monetary Fund said it will stand by Argentina after the government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.

• Friday, August 30th 2019 - 09:55 UTC

  No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

  

  Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.

• 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.