News of congress

Lawmaker suspended after kissing partner’s breast during Congress session

24-09-2020 23:24 Salta lawmaker Juan Emilio Ameri was dramatically suspended from Congress on Thursday night after he kissing his partner’s breast during a remote videoconference session with fellow legislators.

Fernández signs decree formalising removal of judges investigating CFK

17-09-2020 19:21 In wake of Senate vote boycotted by opposition, president signs three decrees to annul transfers of three judges involved in corruption cases against Vice-President Cristina Fernández de Kirchner.

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

What we learned this week: August 29 to September 5

05-09-2020 10:06 Stories that caught our eye over the last seven days in Argentina.

Congress set to debate government's 'wealth tax' bill

30-08-2020 16:55 Government’s proposed ‘wealth tax’ bill heads to Congress. President Fernández seeks to bring in 300 billion pesos in tax revenue through one-time levy on wealthiest citizens.

Judicial reform bill clears Senate, heads to lower house

28-08-2020 18:04 Controversial proposal, which the opposition strongly rejects, passes to the Chamber of Deputies after early Friday morning vote along strict party lines.

Creditors reiterate support for Argentina’s debt restructuring offer

18-08-2020 16:08 Two of three main bondholder groups confirm they will accede to revised proposal, which was filed with the US Securities and Exchange Commission on Monday.

Government files official debt offer with SEC, extends deadline

17-08-2020 14:50 Amended debt restructuring offer filed with US Securities and Exchange Commission, extending deadline for investors to accept until August 28.

Government seeks to reach new IMF agreement before April

07-08-2020 00:49 Government seeks deal with the International Monetary Fund over a new financing programme before the end of March, in order to renegotiate US$2-billion payment owed to the Paris Club that matures in May.

Support – and silence – from opposition economists in wake of debt deal

05-08-2020 00:31 Luis Caputo the most effusive in celebrating the government's deal with creditors, while Hernán Lacunza and Lucas Llach also express support. Alfonso Prat-Gay, the former official who was most critical of the deal, leads the criticism.

by Andrés Fidanza

Government hails ‘significant debt relief’ in accord with creditors

04-08-2020 09:44 Deal involves the Ad Hoc, Argentina Creditor Committee and Exchange Bondholder groups, as well as "certain other significant holders," Economy Ministry confirms in a statement.

Argentina reaches US$65-billion debt restructuring deal with creditors

04-08-2020 08:59 Government says in a statement that deal with key creditors would provide “significant debt relief.” While it statement didn’t provide a net-present value for the agreement, sources say the deal is worth about 54.8 cents on the dollar.

Government to seek new IMF plan, regardless of outcome of debt talks

28-07-2020 14:43 Argentina will seek a new programme with the IMF whatever the outcome of talks with bondholders, says Economy minister Martín Guzmán.

Creditors once again reject government's debt restructuring offer

28-07-2020 14:36 In a letter sent to Economy Minister Martín Guzmán, signed by 30 funds, main bondholder groups reiterate rejection of deal on table and say they hold veto power over any agreement.

Debt deal at impasse as creditors unite to reject government's offer

20-07-2020 23:50 Three groups of creditors announce they have rejected Argentina's proposal to restructure US$66 billion of debt and delivered a counter offer to government – which President Alberto Fernández promptly dismisses out of hand.

Creditors join forces to demand better terms on debt deal

20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.

Guzmán rules out changes to offer, but creditors say proposal 'falls short'

09-07-2020 02:37 Economy Minister Martín Guzmán rules out further changes to government's debt restructuring offer as offer wins support from IMF and some G20 finance ministers. Large creditors, however, aren't impressed.

Malbec bonds beat defaulted Argentine peers on investor hope

09-07-2020 02:26 A glimmer of hope is lurking within Argentina’s default-ravaged debt landscape: Bonds sold by Mendoza, the Andean-bordering province famed for exports of full-bodied Malbec wine.

Mohamed A. El-Erian: Argentina's debt proposal deserves support

07-07-2020 01:35 It would be in neither side's long-term interest to allow the theoretical best to be the enemy of the attainable good – what is now on the table warrants support by both Argentina and its creditors.

Two creditor groups mull 'lock-up' to oppose government's offer

03-07-2020 03:47 The Ad Hoc and Exchange Bondholder groups are closely watching to see if the government submits an offer that it has discussed with a third creditor group – the Argentina Creditor Committee – and would reject it.