Tag: Paris Club

• Tuesday, January 21st 2014 - 15:43 UTC

  Argentina in France trying to work out a debt deal with the Paris Club

  

  Desperately credit-short Argentina outlined on Monday its conditions for repaying some 9.5 billion dollars in debt to the Paris Club, a senior official at the group of creditor nations said, as the government of President Cristina Fernandez seeks to revive long-stalled talks. Argentina's international reserves have fallen to its lowest level since 2006.

• Tuesday, July 31st 2012 - 04:04 UTC

  Cristina Fernandez prepares another ‘independence day’ celebration next Friday

  

  Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.

• Thursday, January 26th 2012 - 05:11 UTC

  Global crisis reaches Argentina’s shores “but we are going to have a good year”

  

  Argentina’s Economy Minister Hernán Lorenzino admitted on Thursday that the global economic crisis has had an impact on the country but nevertheless “we are going to have a good year”.

• Monday, October 10th 2011 - 07:58 UTC

  Paris Club group lays out terms for Argentina to repay defaulted debt

  

  Members of the Paris Club group of creditors want Argentina to repay an estimated 9 billion dollars in defaulted debt within three years and to make a big initial payment, Buenos Aires newspaper La Nacion reported over the weekend.

• Friday, October 7th 2011 - 17:59 UTC

  Argentina confident it can cope with a “global contraction”

  

  Argentina has the ability to sustain its economic growth amid a slowdown in the global economy, thanks to domestic demand and trade with other South American nations, said Deputy Economy Minister Roberto Feletti.

• Thursday, September 29th 2011 - 16:17 UTC

  US decision to vote against loans for Argentina “will not affect funding for 2012”

  

  Washington's decision to vote against loans for Argentina from multilateral development banks “will not affect the country's funding for 2012”, an Argentine government source said on Wednesday.

• Thursday, September 29th 2011 - 00:12 UTC

  US will vote against loans to Argentina in World Bank and IDB

  

  The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.

• Friday, July 8th 2011 - 02:48 UTC

  Argentine economy, “a frying pan with boiling oil” says IMF top official

  

  The head of the IMF Western Hemisphere Department Nicolas Eyzaguirre described the Argentine economy as “a frying pan with boiling oil”, in direct reference to a possible overheating as was recently warned by The Economist.

• Thursday, June 2nd 2011 - 04:38 UTC

  Argentina expected to return to international credit markets at the end of 2011

  

  Barclays Capital expects the administration of President Cristina Fernandez might issue bonds on international credit markets towards the end of this year in a bid to prop up Argentina's fast-growing economy.

• Thursday, February 24th 2011 - 07:44 UTC

  Boudou announces strong increase in government tax revenue and surplus

  

  Argentina’s primary surplus rose 103.7% and reached 2.1 billion Pesos (522 million US dollars) during January year-on-year, according to Economy Minister Amado Boudou. Tax revenue in January set a new record of 40.7 billion Pesos due to booming economic growth and rising inflation.