Tag: Paris Club

• Saturday, April 1st 2023 - 10:39 UTC

  IMF okays US$ 5.4 bn disbursement for Argentina

  

  The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

• Friday, March 17th 2023 - 08:48 UTC

  BCRA adjusts benchmark interest rate: 78% annually

  

  Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.

• Saturday, October 29th 2022 - 10:48 UTC

  Argentina clinches agreement with Paris Club

  

  Argentina's superminister Sergio Massa Friday announced a deal had been reached with the Paris Club for the repayment of Argentina's debt amounting to US$ 1.972 billion.

• Wednesday, October 26th 2022 - 21:34 UTC

  Argentine team off to France for Paris Club debt talks

  

  A technical team headed by Argentina's National Institute of Statistics and Census Chief Marco Lavagna is on its way to Paris to renegotiate the nearly US$ 2.500 billion debt the South American country has with 24 agencies and banks from 16 countries.

• Friday, October 14th 2022 - 10:30 UTC

  Argentina close to new deal with Paris Club

  

  Economy Minister Sergio Massa Thursday announced he was close to reaching an agreement with the Paris Club for the repayment of Argentina's debt due by May 2020, which was affected by the COVID-19 crisis.

• Wednesday, June 23rd 2021 - 09:46 UTC

  Argentina skips default thanks to agreement with Paris Club

  

  Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.

• Friday, August 7th 2020 - 09:25 UTC

  Argentina planning for a new program agreement with the IMF by end of March

  

  Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.

• Friday, July 19th 2019 - 09:55 UTC

  Loans from Russia and China to Venezuela will be renegotiated through the Paris Club, says Guaidó

  

  Loans to Venezuela from President Nicolas Maduro's allies Russia and China would be renegotiated through the Paris Club if Maduro leaves power, an advisor to the opposition said, responding to concerns about favorable treatment for the two countries.

• Saturday, July 1st 2017 - 18:18 UTC

  Cuba, Australia pledge to strengthen economic cooperation

  

  Cuban Foreign Minister Bruno Rodriguez Parrilla and his Australian counterpart, Julie Bishop, Friday signed a memorandum of understanding whereby both countries will strenthen their economic ties.

• Friday, August 1st 2014 - 08:33 UTC

  US calls on Argentine government to seek 'practical solutions' with holdouts

  

  Kevin Sullivan, US interim ambassador in Argentina affirmed on Thursday that the country must seek “practical solutions” with the 'holdouts' or the so called vulture funds over defaulted bonds.