Tag: Martin Guzman

• Tuesday, February 16th 2021 - 09:02 UTC

  Argentina's October midterm elections condition IMF debt deal

  

  Argentina’s powerful vice-president Cristina Fernández de Kirchner and her allies in the leftwing administration want to postpone a crucial US$ 44bn debt deal with the IMF until the pandemic has eased, officials said, avoiding painful spending cuts before October’s midterm elections.

• Friday, February 12th 2021 - 09:49 UTC

  January inflation in Argentina, 4%, questioning government 2021 targets

  

  Argentina's Consumer Price Index, CPI rose in January for the second month running 4%, questioning the government's target of 30% inflation in 2021. In effect twelve-month inflation reached 38,5% in January, following on the 4% for December, according to the latest release from the country's stats office, Indec.

• Tuesday, December 15th 2020 - 15:03 UTC

  Lack of confidence, Argentine government main challenge in its first year

  

  Argentina's current government has had a wild ride in its first year of government: a sovereign default, huge debt restructurings together with sliding reserves, a currency crisis, a weak economy battered by COVID-19, and massive money printing.

• Monday, November 30th 2020 - 09:55 UTC

  Argentina in no rush to sign an agreement with IMF, says minister Guzmán

  

  Argentine Economy Minister Martin Guzman played down the chances of an early agreement with the International Monetary Fund to repay a US$ 44 billion loan, the Financial Times reported.

• Monday, November 16th 2020 - 09:20 UTC

  Argentine economic team in preventive isolation after contacts with IMF mission member tested positive

  

  Economy Minister Martin Guzman and other Argentine officials were placed in preventive isolation on Sunday after a member of a visiting IMF mission tested positive for COVID-19, the government said.

• Tuesday, November 10th 2020 - 09:40 UTC

  Argentina again appeals to the IMF; mission arrives for two weeks talks

  

  Argentina will seek an Extended Fund Facility (EFF) from the International Monetary Fund (IMF) to replace a failed US$ 57 billion facility, Economy Minister Guzman said on Monday, potentially buying the country more time to make repayments.

• Saturday, October 24th 2020 - 09:25 UTC

  Argentina loves the dollar and has total aversion for its own currency

  

  Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.

• Saturday, October 17th 2020 - 09:57 UTC

  Argentine economy minister confident it can maintain the current exchange rate policy

  

  Argentine Economy Minister Martin Guzman said on Friday the country has the necessary instruments to maintain the current exchange rate policy, despite tumbling foreign reserves and a ballooning gap between the official and informal peso exchange rates.

• 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.

• 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.