Tag: IMF

• Wednesday, January 15th 2020 - 09:50 UTC

  Buenos Aires province negotiating an extension on a US$ 250m bond payment on January 26

  

  Buenos Aires province bonds added to recent losses on Tuesday after the provincial government asked holders for an extension on a more than US$ 250 million payment due later this month, dragging Argentina’s debt lower as well.

• Monday, January 13th 2020 - 09:28 UTC

  Argentine finance minister confident the sovereign debt situation will be resolved

  

  Argentina’s new government is working “nonstop” to resolve its sovereign debt crisis, the country’s Economy Minister Martin Guzman said, a month after center-left Peronist President Alberto Fernandez took office.

• Friday, January 3rd 2020 - 09:54 UTC

  Argentina issues Treasury Bills, subscribed by the Central bank, to pay creditors

  

  Argentina's new government announced the issuance of US$ 1.326 billion of dollar-denominated Treasury Bills, to be directly subscribed by the central bank, according to a decree in the Official Gazette on Thursday.

• Tuesday, December 31st 2019 - 13:10 UTC

  Argentina will honor payments this week of bonds totaling some US$ 850 million

  

  The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.

• 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.

• Friday, December 20th 2019 - 09:46 UTC

  IMF releases loan tranche to embattled Ecuadorean government

  

  The International Monetary Fund on Thursday approved a delayed loan tranche for Ecuador, releasing nearly US$500 million under a three-year aid program. The IMF board gave the go-ahead for a US$4.2 billion loan in March to help support the oil-rich nation's economic reforms, but massive protests led by indigenous groups erupted in October when President Lenin Moreno scrapped fuel subsidies, causing gasoline prices to soar.

• Wednesday, November 27th 2019 - 09:55 UTC

  Alberto Fernandez renounces to IMF loan: “I want to stop asking for money”

  

  Argentina's president-elect Alberto Fernandez said on Tuesday he would renounce the remaining US$11 billion tranches of the country's International Monetary Fund loan as soon as he takes office next month.

• Friday, October 25th 2019 - 04:00 UTC

  Uruguay’s wealth management specialist booming under Argentine financial issues

  

  Argentina has been facing significant financial issues in the last decade, and Uruguay wealth management teams are poised to take advantage.

• Friday, October 18th 2019 - 10:55 UTC

  New IMF chief pledges full support for Argentina, but will wait for election results

  

  The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.

• Friday, October 18th 2019 - 10:25 UTC

  China's economy grows at its slowest rate in three decades in the third quarter

  

  China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, official data showed on Friday.