OPINION 2022: the errors of the economists 29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions by Gustavo González
IMF DEBT PROGRAMME Argentina’s US$44-billion IMF deal gets latest staff approval seal 03-12-2022 08:07 Third review of nation's US$44-billion debt programme now goes to the IMF’s executive board for approval, which is expected to meet this month; Upon completion, Argentina will have access to about US$6 billion, the IMF said.
Agriculture Government moves ahead with second run at ‘soy dollar’ scheme 28-11-2022 12:35 Dólar Soja 2: Government hopes to boost reserves by US$3 billion with a second run at agroindustry-aimed programme.
ECONOMIC OUTLOOK Massa team on alert amid accelerating Central Bank reserves sales 22-11-2022 16:53 Argentina’s Central Bank had to sacrifice almost US$200 million in operations on the foreign exchange market last week.
FOREIGN POLICY & DIPLOMACY Argentina says China will increase swap line by US$5 billion 15-11-2022 21:36 China will increase its currency swap programme with Argentina by 35 billion yuan (US$5 billion), President Alberto Fernández tells reporters.
PRODUCTION Economists and businesses see a dollar drought on the horizon 03-11-2022 00:34 Private sector fears government's economic team will tighten restrictions on access to hard currency for purchase of inputs, creating a dollar desert drought until March.
CURRENCY CONTROLS Qatar and Coldplay: Argentina multiplies its exchange rates 13-10-2022 01:43 The 'dólar Catar' and 'dólar Coldplay' were added to Argentina's exchange control jargon on Wednesday.
NEW MEASURES New taxes slapped on concerts, spending on cards overseas 12-10-2022 16:04 Aiming to "protect reserves for production and job creation,” the National Government introduces new levies to discourage purchases in dollars with debit and credit cards; New measures affect foreign currency purchases in excess of US$300, trips abroad and luxury goods.
BLOOMBERG – ANALYSIS From Coldplay shows to the World Cup, Argentina mixes exchange rates 12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.
HUNT FOR GREENBACKS Massa seeks more dollars, betting everything on 2023 07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.
Agriculture 'Soy dollar' exports boost Central Bank reserves by US$7.6 billion 01-10-2022 11:31 Sergio Massa's 'soy dollar' exchange rate prompts producers to sell more than US$7.6 billion in grains, boosting Central Bank reserves.
Agriculture Argentine soybeans flood market just as US harvests bumper crop 11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.
MONEY MARKETS Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates 06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.
Agriculture Government creates new foreign exchange rate for soy exporters 05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.
AGRICULTURE Government eyes FX incentive for soy exporters in bid for dollars 01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves.
IMF QUARTERLY REVIEW Next round of IMF talks complicated by weak reserves 26-08-2022 11:09 In September, Argentina will sit down with the IMF to discuss the objectives pledged for the second half of the year. Two variables will be under the microscope: inflation and the Central Bank’s level of dollar support. The technocrats responding to Kristalina Georgieva will not accept creative accountancy. Agreements with foreign banks to beef up reserves are on the cards.
NEW MEASURES Argentina to tighten import controls to preserve reserves 23-08-2022 12:49 Argentina's government will impose restrictions to discourage imports in the coming days and protect reserves.
BLOOMBERG Argentina asked crop exporters to bring US$1 billion next week 12-08-2022 14:34 Government asks top crop export and processing firms to make sales equivalent to US$1 billion over the next week as it seeks to bolster Central Bank reserves.
BLOOMBERG Central Bank asked exporters to help bolster reserves 01-07-2022 15:50 Central Bank asks crop exporters to sell more dollars than they were planning this month so that the country’s reserve level will rise to meet an upcoming target for its US$44-billion programme with the International Monetary Fund.
POLITICS & ECONOMY Fernández vows to comply with IMF objectives as crisis talk grows 01-07-2022 11:33 Peronist leader says Argentina is committed to reducing fiscal deficit and boosting Central Bank reserves, despite renewed talk of financial crisis.
BLOOMBERG – ANALYSIS Three signs show that Argentina is heading to a devaluation 29-06-2022 22:02 Need to increase the monetary base to meet payments on peso debts and finance spending, plus a drop in agricultural exports and an increase in energy imports, all spell trouble for Argentina's currency.
DEBT SWAP Guzmán surprises markets with last-minute debt bond swap 23-06-2022 00:00 Economy Ministry eases 60% of June debt burden in local swap, drastically reducing pressure on the government; Government makes US$2.7-billion payment to IMF.
BLOOMBERG Argentina finishes first IMF review as path to targets may shift 09-06-2022 09:07 IMF staff and Argentine authorities agree that the annual objectives established at approval of the arrangement will remain unchanged.
IMF DEBT DEAL Argentina receives US$9.7B after IMF board signs off on debt deal 25-03-2022 20:36 IMF chief Kristalina Georgieva warns that “risks” lie ahead, concedes “early recalibration” of programme may be necessary.
BLOOMBERG - ANALYSIS IMF approves Argentina’s US$45-billion deal already facing risks 25-03-2022 16:40 The International Monetary Fund has approved Argentina’s US$45-billion agreement, the final step to cement a deal that’s already facing economic and political challenges.
IMF DEBT DEAL 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.
IMF DEBT DEAL IMF admits Ukraine war will impact targets in Argentina’s new programme 18-03-2022 17:50 International Monetary Fund admits economic consequences of Russia's attack on Ukraine will likely impact upon targets outlined in Argentina’s new financing programme.
IMF DEBT DEAL Senate approves IMF deal, now goes to board vote 18-03-2022 09:10 In a 56-13 vote with three abstentions, senators approve legislation underpinning Argentina’s latest IMF programme.
IMF DEBT DEAL Senate set to open debate on government's IMF bill 13-03-2022 21:25 IMF bill due to reach Senate Budget Committee on Monday, with the ruling coalition wanting it approved by the end of the week.
IMF DEBT DEAL PROTESTS Fernández de Kirchner hits out at ‘paradoxical’ attack on her Senate office 11-03-2022 16:40 Vice-president and Senate chief expresses dismay at "paradoxical" attack on her Senate office during protests against government's International Monetary Fund debt bill.
LAWMAKERS DEBATE DEBT DEAL IN CONGRESS 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.
IMF DEBT DEAL Lawmakers in lower house approve deal with IMF to repay debt 11-03-2022 10:07 Lawmakers in the lower house approve a deal with the International Monetary Fund to restructure US$45-billion debt; Senate must still vote to back deal.
IMF DEBT DEAL Argentina’s IMF deal bill passes in lower house, heads to Senate 11-03-2022 09:24 In early hours of Friday morning, Argentina's lower house of Congress approved bill underpinning government’s US$45-billion agreement with the IMF.
IMF DEBT DEAL Lower house prepares to vote on IMF deal, approval likely 10-03-2022 23:16 Argentina's lower house on track to approve government's deal to restructure its US$45-billion debt with the International Monetary Fund in a session just after midnight; Senate still to vote; Protesters clash with police during demonstrations against deal outside Congress.
IMF DEBT DEAL 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.
IMF DEBT DEAL Deputies to start debating IMF deal as key week gets underway 07-03-2022 10:23 After months of negotiation between the government and the International Monetary Fund (IMF), Argentina's Congress will finally begin to officially debate a bill outlining the new financing programme this week.
IMF DEBT DEAL IMF bill reaches Congress to a backdrop of uncertainty 04-03-2022 23:32 Bill outlining agreement between Argentina and the IMF sent to lower house; Doubts persist over support from Kirchnerite lawmakers in ruling coalition; Opposition says it will wait to hear presentation from Guzmán.
IMF DEBT DEAL Argentina would receive US$9.8B in first IMF disbursement, says Guzmán 04-03-2022 23:00 Argentina's government will receive about US$9.8 billion in a first disbursement from the International Monetary Fund if its new financing programme is approved, Economy Minister Martín Guzmán said on Friday.
IMF DEBT DEAL 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.
IMF DEBT DEAL Details of the IMF agreement that the government has sent to Congress 04-03-2022 18:22 Agreement foresees Argentina registering inflation of up to 48% this year, economic growth of 4.5% and receiving IMF disbursements of more than US$24 billion until end of 2022.
BLOOMBERG Argentina inks US$45-billion staff-level IMF deal in key step 03-03-2022 21:02 Staff-level accord, which includes commitments to narrow fiscal deficit and money-printing while unwinding energy subsidies, will seek to address “persistent” high inflation and public finances.
IMF DEBT TALKS Argentina says it has overcome energy-fee hurdle in IMF agreement 03-03-2022 15:12 Argentina has hammered out an agreement with the International Monetary Fund over how to handle energy subsidies, presidential spokeswoman Gabriela Cerruti said on Thursday.
IMF DEBT DEAL Argentina’s draft IMF agreement heads to Congress 02-03-2022 23:46 Sources close to Lower House Speaker Sergio Massa confirm to local media outlets that a bill outlining Argentina’s agreement with the International Monetary Fund will be sent to Congress this Thursday.
IMF DEBT DEAL 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.
IMF DEBT DEAL IMF and Argentina engaged in ‘intense negotiations,’ says Fund official 18-02-2022 20:54 Government wants to send a bill to Congress containing details of a new IMF financing programme “before March,” according to Casa Rosada sources.
IMF DEBT DEAL Government wants to send IMF deal to Congress before start of March 18-02-2022 01:47 Casa Rosada sources say they hope negotiations with IMF staff over a new financing programme will be completed “in a matter of days.”
IMF DEBT DEAL IMF board to discuss progress in Argentina programme on Wednesday 15-02-2022 21:30 The International Monetary Fund’s board of directors will meet on Wednesday to discuss the state of negotiations with Argentina.
IMF DEBT DEAL IMF risking its reputation with 'disappointing' Argentina deal, says former Fund official 15-02-2022 13:25 Ex-director of IMF's Western Hemisphere Department criticises "weak" and "disappointing" agreement between multilateral lender and Argentina, warning it is likely to go "off-track."
IMF DEBT DEAL 'Act of good sense' – President praises opposition support for IMF deal 12-02-2022 21:26 President Alberto Fernández praises opposition coalition's support for new IMF financing programme. saying he considered it to be an "act of good sense."
IMF DEBT DEAL Government, opposition tell IMF Argentina is ready to ‘meet its obligations’ 12-02-2022 09:59 Rare signs of unity as Frente de Todos and Juntos por el Cambio indicate they will support IMF agreement in Congress; Fund spokesman says staff are working closely with government officials to secure new financing deal "as quickly as possible." by James Grainger