News of axel kicillof

More than 9,000 new virus cases as infections surpass 710,000

28-09-2020 09:18 Argentina has recorded 711,325 infections of Covid-19 since the start of the pandemic, with more than 129,000 of those still confirmed as active.

POLICE PROTEST

Police officers in Buenos Aires Province protest to demand better salaries

08-09-2020 15:59 Government promises pay increase after retired and active police officers stage demonstration outside Governor Kicillof's residence in La Plata to demand urgent salary increases and more protective equipment to protect against Covid-19.

CORONAVIRUS PANDEMIC

President extends Covid-19 lockdown ‘on same terms’ despite surge in cases

01-08-2020 08:47 ‘Cuarentena sin cambios’ – Lockdown in Buenos Aires metropolitan area extended until August 16, after week of record numbers of cases and fatalities.

Coronavirus pandemic

Government halts easing of virus lockdown for at least two weeks

31-07-2020 19:00 Officials decide to delay move to further ease confinement measures for at least two more weeks due to the high number of Covid-19 infections and for fear that the health system might collapse.

Coronavirus pandemic

Kicillof says Buenos Aires Province will pay Covid-19 patients to isolate

23-07-2020 11:38 Provincial government will pay citizens with mild cases of coronavirus 500 pesos per day (US$6.97) if they stay for 10 days in government facilities through the 'Acompañar' programme.

POLITICS & THE PANDEMIC

Coalitions under stress

18-07-2020 08:37 Political rivals are accusing each other of being “haters” – but of course, one person's hater is another person's hero. The pressure, however, is not just external.

by Martín Gambarotta

Coronavirus pandemic

'We will try to return to normal life': Fernández loosens lockdown

17-07-2020 21:45 Amid record Covid-19 surge in cases and fatalities, President Alberto Fernández announces loosening of lockdown restrictions in the Buenos Aires Metropolitan Area and phased re-opening of activities.

POLITICS & THE PANDEMIC

Metropolitan area blues

04-07-2020 07:29 The display of bipartisan civility, even with disagreements behind the scenes between Buenos Aires City and Province, is now routine. Yet the volatility has not gone away.

by Martín Gambarotta

BA CITY & PROVINCE

Officials to tighten AMBA lockdown if curve continues to accelerate

23-06-2020 00:29 As officials report new daily high of confirmed cases, Fernández, Kicillof, Rodríguez Larreta meet at Olivos and agree to tighten restrictions in Buenos Aires metropolitan area if curve continues to accelerate.

Coronavirus Pandemic

Officials debate future of quarantine, likely to limit public transport

15-06-2020 16:10 National, Buenos Aires City and provincial health ministers meet to debate future of quarantine and preventative steps to tackle Covid-19, as officials in Chaco announce return to stricter lockdown in province.

argentina

Lockdown extended until June 28, with 'two types of quarantine'

05-06-2020 03:15 President Fernández announces extension of lockdown for Buenos Aires metropolitan area and other areas of high Covid-19 contagion, with restrictions lifted and 'mandatory social distancing' introduced for most provinces.

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

Coronavirus pandemic

Automobile industry restarts production with limited shifts

27-05-2020 16:26 Sector returns to work after receiving authorisation from the government to restart production with limited shift patterns.

Coronavirus pandemic

Government extends quarantine for 15 more days amid rise in infections

23-05-2020 22:30 President Fernández announces Argentina will extend government's mandatory social isolation until June 7, amid an acceleration in the spread of the new Covid-19 coronavirus.

Coronavirus pandemic

Fernández, Rodríguez Larreta, Kicillof agree 'no margin' to loosen quarantine

21-05-2020 02:10 President, provincial governor and city mayor agree there is "no margin" to further liberalise quarantine measures in Greater Buenos Aires, given current state of affairs.

BLOOMBERG

Buenos Aires Province cut to selective default by S&P global

15-05-2020 23:22 Argentina’s largest and most populous province is considered to be in selective default because negotiations with creditors are ongoing, making the proposal a “distressed exchange,” according to an S&P statement.

DEBT RESTRUCTURING

Buenos Aires Province misses debt payment, extends deadline for offer

12-05-2020 17:20 Provincial government extends deadline to creditors to consider US$7-billion restructuring offer, following a similar move the national government.

Coronavirus pandemic

Lockdown set for extension beyond May 10, with measures eased in some provinces

06-05-2020 16:49 Nationwide lockdown to tackle the spread of the novel Covid-19 coronavirus will be extended by the government beyond the current May 10 expiration date, but some restrictions look set to be lifted in select provinces.

BLOOMBERG

Analysts: Buenos Aires Province bondholder offer headed for rejection

24-04-2020 17:08 Proposal by Argentina’s largest province to restructure US$7 billion of international debt draws immediate criticism from analysts.

BLOOMBERG

Buenos Aires Province proposes its own debt delay

24-04-2020 01:37 The province of Buenos Aires, the country's largest, is following the footsteps of the national government in requesting a three-year debt moratorium.

Coronavirus outbreak

Aerolíneas Argentinas flight returns from China with Covid-19 medical supplies

19-04-2020 09:04 Flagship carrier brings back medical supplies from Shanghai, which are designated for health system in Buenos Aires Province.

THE WEEK IN REVIEW

What we learned this week: Apr 13th-19th

18-04-2020 10:56 Stories that caught our eye from the last seven days in Argentina.

Coronavirus pandemic

Kicillof on coronavirus: 'Resisting self-isolation is very irresponsible'

12-03-2020 16:04 In response to the WHO declaring the Covid-19 outbreak a "pandemic," Buenos Aires Province governor calls for "caution, prevention and calm."

Debt talks

Buenos Aires Province hires Bank of Amercia, Citigroup for debt restructuring

09-03-2020 16:20 Citigroup and Bank of America have been contracted by the Buenos Aires provincial government to renegotiate debt issued under foreign legislation.

BLOOMBERG

Buenos Aires Province surrender sends Argentine bonds on a wild rally

10-02-2020 14:28 Province’s capitulation spurs betting on sovereign bonds, they have returned 8.7 percent since January 27. However, Argentina is still in dire need of the IMF’s approval to restructure the debt.

PROVINCIAL DEBT

Kicillof backs down from debt stand-off; Guzmán takes the lead

08-02-2020 10:04 Buenos Aires Province Governor Axel Kicillof seemingly lost a battle with private creditors, deciding to cough up the funds and avoiding a provincial default.

Delaying Debt

Fidelity wins big on Buenos Aires bond payment

05-02-2020 12:25 Buenos Aires Province avoids immediate default by agreeing to use money from its coffers to make a principal debt payment, Kicillof says.

BA PROVINCE DEBT TALKS

BA Province surprises with plan to pay bond, and then restructure

04-02-2020 16:36 Axel Kicillof declared that the province will use its proper resources in order to realise a US$250 million bond payment to avoid default. The Governor looks to reassure creditors about Buenos Aires ability to honour its debt.

BUENOS AIRES PROVINCE

Plan B for Kicillof: a bridging loan to avoid default

01-02-2020 08:21 Proposal comes from investment funds, though provincial government still wants to have 75 percent of creditors on board for repayment. Alert as to the risk of new “vulture funds.”

by Mirta Fernandez

BUENOS AIRES PROVINCE

Buenos Aires Province rolls over bondholder deadline until February 3

01-02-2020 08:16 On the brink of default, provincial government headed by Governor Axel Kicillof extends cut-off for a second time.

PROVINCE DEBT

2nd deadline extension for Buenos Aires province bondholders

31-01-2020 16:12 Province, led by Governor Axel Kiciloff, extends deadline for creditors to accept the proposal until February 3 – the second extension this month.

Deadline approaches

Buenos Aires Province sweetens deal for 2021 creditors

27-01-2020 17:27 In exchange for pushing back the deadline on a US$250-million principal payment, investors would get paid interest on those funds, according to the offer revealed Monday.

BUENOS AIRES PROVINCE

'We are not in a position to pay,' Kicillof warns bondholders

24-01-2020 10:28 BA Province governor warns creditors that February 5 is the 'last chance' for them to accept delay in payment before default.

DEBT TALKS

Buenos Aires Province extends deadline to accept payment delay

22-01-2020 15:43 Kicillof's government extends expiring deadline for bondholders to weigh up its request to delay key bond payment.

First Foreign Trip

Packed agenda awaits for Alberto Fernández as he lands in Israel

22-01-2020 14:11 President arrives in Tel Aviv on commercial flight. He is scheduled to have bilateral meetings with both the Israeli President Reuven Rivlin and Prime Minister Benjamin Netanyahu during his time in Israel.

Bloomberg

Kicillof shows restraint as he takes on creditors once again

16-01-2020 15:45 Governor delivers tough message to bondholders, as Buenos Aires Province asks creditors to accept delay onUS$250-million principal payment due January 26.

Buenos Aires Province

Kicillof accuses opposition of ‘robbing revenue' after tax reform changes

09-01-2020 15:28 Buenos Aires Province governor makes remarks after provincial legislature gives final approval to his tax reform package – but only after opposition senators amended original bill.

NEW BUENOS AIRES GOVERNOR

Showdown looming as Kicillof says Buenos Aires Province faces cash crunch

14-12-2019 09:44 Kicillof, a left-wing economist who gained notoriety earlier this decade when he oversaw the federal government’s contentious negotiations over defaulted bonds, said there were just 25 billion pesos in provincial accounts, but that he needs 40 billion pesos to pay debt and salaries over the next 30 to 35 days.

BLOOMBERG

Kicillof says Buenos Aires Province can't afford to pay debts

11-12-2019 17:14 “As Alberto said, if we don’t grow, we can’t pay,” says new governor. “We’ll get in touch with bondholders immediately and establish a dialogue to find a solution to this problem.”

Buenos Aires Province

New Buenos Aires Province Governor Kicillof warns of 'emergency'

11-12-2019 14:47 In his first speech to lawmakers as chief of nation's most-populous province, former economy minister denounces failures of Mauricio Macri administration and says region faces an urgent emergency.

BUENOS AIRES PROVINCE

Kicilloff asks Vidal to rollback rate increases, as two talk transition

31-10-2019 13:42 Governor-elect of nation's most-populous province met with outgoing governor María Eugenia Vidal in La Plata on Thursday, as talks begin over changeover.

Election 2019

'We will continue being an alternative,' says Vidal after defeat

27-10-2019 22:42 Governor Vidal and Governor-Elect Axel Kicillof continue to provide alternative visions for Argentina’s future, but only one will hold office for the next four years.

ELECTIONS 2019

'I'm not going anywhere,' declares Vidal in closing rally

24-10-2019 20:38 Buenos Aires Province Governor María Eugenia Vidal holds final rally of her re-election campaign, with just days to go before Sunday's elections.

Election 2019

Kicillof, CFK vow to 'transform Buenos Aires Province' in closing rally

24-10-2019 08:00 Frente del Todos gubernatorial candidate, tipped to defeat María Eugenia Vidal comfortably this weekend, ends campaign with a rousing event flanked by his former boss and vice-presidential hopeful, Cristina Fernández de Kirchner.

Election 2019

Kicillof: 'There are people selling drugs because they have lost their jobs'

07-10-2019 13:50 "From going to the neighborhoods I heard news that due to the drop in employment, there are people who selling drugs," says Kicillof, prompting criticism from Patricia Bullrich and Cristian Ritondo.

UNIONS AND LABOUR

With Fernández present, Yasky's CTA approves reunification talks with CGT

04-10-2019 08:58 Presidential frontrunner Alberto Fernández attends meeting in Lanús, at which CTA members vote to back opposition and open talks with CGT with view to reunification, nearly three decades on from split.

by Aurelio Tomás

BLOOMBERG

The US$15 billion of distressed provincial bonds that no-one is talking about

04-09-2019 09:13 Argentina's provinces were among the most prolific issuers when international capital markets reopened to Argentina. By offering interest rates in excess of 9%, they were able to lure yield-hungry investors to little known and sparsely populated corners of the country.