Tag: Hernan Lacunza

• Thursday, August 29th 2019 - 09:49 UTC

  IMF held “productive talks” in Argentina and is analyzing the impact of the latest debt operation announced

  

  The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said. IMF staff understands that Argentina has taken “important steps” to address liquidity needs and safeguard reserves, the statement by IMF spokesman Gerry Rice said.

• Monday, August 26th 2019 - 18:07 UTC

  IMF mission in Argentina looking into the books and trying to sort out the future

  

  An IMF mission is in Argentina and is going over the country's accounts with government top officials, to assess future disbursements of the US$ 57bn standby credit granted to the country, currently facing financial and political uncertainty, and on Monday are scheduled to meet with representatives from the opposition.

• Saturday, August 24th 2019 - 09:54 UTC

  IMF mission arrives to Argentina this Saturday: US$ 5.3bn disbursement to be considered

  

  Delegates from the International Monetary Fund (IMF) land in Buenos Aires Saturday as concerns about Argentina’s economy cast doubt upon the future of its record US$56 billion bailouts. The date of the trip was agreed with the Argentine central bank chairman, Guido Sandleris.

• Thursday, August 22nd 2019 - 16:26 UTC

  Argentina will support the Peso with international reserves

  

  Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.

• Thursday, August 22nd 2019 - 09:55 UTC

  Argentina default “possible”, but not “probable”, says credit rating agency Fitch

  

  Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.

• Wednesday, August 21st 2019 - 09:56 UTC

  Stabilizing the Peso, priority of the new Argentina finance minister; markets still unconvinced

  

  Argentina's new finance minister made stabilizing the country's battered currency his top priority on Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.

• Sunday, August 18th 2019 - 10:09 UTC

  Macri reshuffles cabinet: Argentina has a new Economy minister

  

  Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.