Tag: Mauricio Macri

Saturday, February 22nd 2020 - 10:08 UTC
Argentina economy shrinks two years running, 2.1% in 2019 after 2.5% in 2018

Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.
Tuesday, February 18th 2020 - 06:55 UTC
IMF chief denies any haircut on the Argentine loan; Alberto Fernandez questions the decision

The International Monetary Fund, as the lender of last resort, won’t offer a haircut on its Argentina loan after Vice President Cristina Fernandez de Kirchner called on the institution to take a loss.
Tuesday, February 18th 2020 - 06:32 UTC
FT: “Argentina needs a plan for investment-led growth”

The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival”
Friday, February 14th 2020 - 20:46 UTC
Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital

Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.
Saturday, February 1st 2020 - 08:55 UTC
Pope Francis and president Alberto Fernandez examined Argentine problems

A smiling Pope Francis welcomed the new president of Argentina, Alberto Fernández, to the Vatican on Friday morning and then spoke with him in a private audience for 45 minutes, signaling that good relations exist between the two leaders and suggesting that this could perhaps open the door for the pontiff’s first visit to his homeland since his election—though the president later said they did not discuss this.
Wednesday, January 29th 2020 - 08:57 UTC
“Cristina Fernandez, the most brilliant woman of Argentine history”, praise from Macri's electoral advisor

He was considered the guru of Argentine electoral campaigns, the man who helped Mauricio Macri jump from president of one of the two most popular soccer teams in the country, to twice mayor/governor of the City of Buenos Aires and finally to occupy during four years the Pink House, Casa Rosada, defeating the hegemonic Peronist movement.
Wednesday, January 29th 2020 - 08:51 UTC
FIFA names ex president Macri chairman of FIFA Foundation; barrage of criticisms from Argentina

Former Argentine president Mauricio Macri has been appointed executive chairman of the FIFA Foundation, the organization founded by world football's governing body in 2018 to promote social change. But his nomination was received with a raft of criticisms by Argentine clubs and associations.
Tuesday, January 14th 2020 - 09:58 UTC
Argentine president said no plans to bail out Buenos Aires province, the richest of the country

Argentine President Alberto Fernandez on Monday night confirmed that the national government had no plan to bail out Buenos Aires province, which has a payment due later this month on hard-currency provincial debt.
Monday, January 13th 2020 - 09:30 UTC
Argentine president puts a deadline to renegotiates public debt: March 31

President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.
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.