News of bank

Dollar bonds yielding 0% are minting money for Argentine banks

13-05-2022 16:14 Banks have latched on to a lucrative trade that produces all-but-guaranteed profits while also allowing local corporations to sell dollar bonds paying coupons as low as zero percent.

Central Bank raises key rate to 47% as inflation soars

13-04-2022 20:52 Central Bank raises interest rates for the fourth time this year after inflation data shows prices increasing at the fastest monthly pace in 20 years. 

IMF board to meet Friday to discuss Argentine debt deal

19-03-2022 18:46 The International Monetary Fund announced Saturday that its board of directors will discuss Argentina’s US$45-billion agreement on March 25, the final step of approval after two years of negotiations.

Senate prepares to debate IMF deal after lower house backs bill

11-03-2022 16:25 Upper house to begin debate on bill on Monday, with government seeking approval before start of following week, when US$2.9-billion maturity is due.

Government asks Congress to speed through passage of IMF deal

08-03-2022 21:17 President Alberto Fernández's government calls on Congress to "speed up" the treatment of its bill to refinance Argentina's US$45-billion debt with the International Monetary Fund.

Government posts IMF bill documents ahead of Congress debate

04-03-2022 22:58 Argentina on Friday released the text of a memorandum of understanding and accompanying documents that are part of the agreement it has reached with International Monetary Fund.

Argentina has reached a deal with IMF staff, says president

01-03-2022 22:01 President Alberto Fernández announces government has reached an agreement with the staff of the International Monetary Fund on details needed to refinance the country’s loan with the Washington organisation.

Sense of dread grows in Argentina with difficult March ahead

18-02-2022 18:52 Crucial factors come into play next month. Soaring inflation, strained reserves, debate over the IMF deal and public-service tariffs are making March into a pressure cooker.

Inflation accelerates for second straight month

15-02-2022 21:55 Argentina’s inflation accelerated for the second consecutive month in January as the Central Bank sped up the pace of its controlled currency devaluations.

Sergio Chodos: ‘The 2018 agreement left us Argentines with nothing’

11-02-2022 00:01 Executive Director for the Southern Cone at the IMF explains in detail how the agreement was reached, anticipating some of the fine print and unfolding the government’s economic vision.

by Jorge Fontevecchia