Tag: IMF

Monday, October 12th 2020 - 09:34 UTC
IMF mission concludes a preliminary “exploratory” visit to Argentina

An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.
Tuesday, October 6th 2020 - 09:35 UTC
IMF admits Brazil's economy is doing better than forecasted, but warns about debt and a second Covid-19 wave

Brazil's economy is set to shrink by 5.8% in 2020, the International Monetary Fund said on Monday, revising up an earlier forecast but warning the country faced “exceptionally high” risks.
Friday, October 2nd 2020 - 09:51 UTC
IMF mission expected next week in Argentina, announced minister Guzmán

Argentina's Economy Minister Martin Guzman said on Thursday that a mission from the International Monetary Fund will arrive in the country next week as the country looks to negotiate a new program with the organization.
Wednesday, September 16th 2020 - 07:56 UTC
New IDB president pledges to help Argentina with the “long arduous” IMF negotiations

Mauricio Claver-Carone, the White House official elected to lead Latin America’s regional development bank, said he aims to play a constructive role in Argentina’s negotiations with the International Monetary Fund.
Wednesday, September 9th 2020 - 09:50 UTC
S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.
Tuesday, September 1st 2020 - 08:57 UTC
Argentina restructures 99% of US$ 66bn debt issued under foreign legislation: now IMF and debt in local legislation

Recession-hit Argentina has managed to restructure 99% of US$ 66 billion in debt issued under foreign legislation, Economy Minister Martin Guzman announced on Monday.
Thursday, August 27th 2020 - 08:43 UTC
Argentina notifies IMF of a request for a new fund arrangement

IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:
Wednesday, August 12th 2020 - 09:59 UTC
Investors are now focused on the IMF and Argentina’s fiscal policy, “which has been hard to come by”

After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.
Wednesday, August 5th 2020 - 08:56 UTC
Argentina reaches an agreement with majority of creditors and looks to convince the undecided

Argentina has reached an agreement with creditors to restructure around US$ 65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.
Wednesday, August 5th 2020 - 08:55 UTC
Argentina deal with bondholders was at 54,8 cents to the dollar; next step IMF negotiations

Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation, and increasingly wary investors. The country announced on Tuesday it had reached an agreement with creditors to restructure around US$ 65 billion in foreign debt, breaking a deadlock over recent weeks and setting the stage for a formal deal later this month.