Tag: Hernán Lorenzino

• Thursday, May 29th 2014 - 05:37 UTC

  Argentina announces an understanding with the Paris Club on defaulted debt

  

  Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

• Tuesday, May 27th 2014 - 08:34 UTC

  Argentina in another negotiating round with the Paris Club of creditors

  

  Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.

• Tuesday, November 19th 2013 - 07:22 UTC

  Cristina Fernandez reshuffles cabinet and names new economic team

  

  The administration of Argentine President Cristina Fernández announced on Monday a major cabinet reshuffle naming Chaco governor Jorge Capitanich as new cabinet chief and Axel Kicillof Economy minister while the Central bank will have a new president, Carlos Fabrega.

• Friday, October 25th 2013 - 06:08 UTC

  Pacific Alliance economy ministers proved to be the best of the Americas in 2012

  

  Pacific Alliance economy ministers are rated among the best four in Latin-American, while those from Mercosur can't boast such merit, much to the contrary, according to the 2012 survey from the America Economica Intelligence report, which ranks the region's ministers in that field.

• Saturday, October 19th 2013 - 16:11 UTC

  Argentina pays 500m dollars and settles pending disputes with private companies

  

  Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.

• Friday, October 11th 2013 - 07:52 UTC

  Argentina prepared to comply with World Bank arbitration and pay corporations with bonds

  

  Argentina will offer 500 million dollars in sovereign bonds to resolve disputes with corporations at a World Bank arbitration panel, a financial daily newspaper reported on Thursday.

• Friday, October 11th 2013 - 07:21 UTC

  World Bank/Argentina agree on new Strategic partnership: 3bn dollars in loans

  

  The Argentine government and the World Bank agreed on Thursday in Washington on a new Strategic Partnership involving an estimated 3 billion dollars in the next three years which will concentrate on loans for education, health care and rural development.

• Friday, September 13th 2013 - 20:50 UTC

  Argentina formally requests US Supreme Court to review Appeals court favoring holdout hedge funds

  

  Argentina’s legal representation in Washington DC yesterday sent a petition for a writ of certiorari to the United States’ Supreme Court, requesting Justices to accept its appeal against the Second Circuit Court of Appeal’s ruling in favour of holdout hedge funds, which are demanding full repayment for bonds left unpaid by Argentina’s record-breaking 2002 default.

• Friday, September 13th 2013 - 01:34 UTC

  Argentina forecasted to expand 5.1% this year and 6.2% in 2014, says budget presented to Congress

  

  Argentina's economy is expected to grow 6.2% next year, while GDP in 2013 is forecasted to expand 5.1% boosted by a massive grains harvest and the automobile industry, Economy Minister Hernan Lorenzino said on Thursday while presenting the 2014 budget bill before Congress.

• Monday, September 2nd 2013 - 19:49 UTC

  Argentine officials admit inflation is higher than the official release from Indec

  

  President Cristina Fernandez Victory Front’s parliamentary candidate for next October mid-term election, Martín Insaurralde admitted on Monday that inflation rate is higher than the one released by INDEC statistics agency although the agency is “transparent” and “must readjust to times and realities.”