What we learned this week: September 19 to 26
26-09-2020 09:29 Our pick of the stories from the last seven days in Argentina.
26-09-2020 09:29 Our pick of the stories from the last seven days in Argentina.
26-09-2020 09:22 More than superb ammunition for gossip columnists or an accident waiting to happen with the technological hazards of virtual sessions, this disgrace might well prove to be the match lighting a new “Begone with them all” powder-keg.
26-09-2020 09:05 Frente de Todos lawmaker Juan Emilio Ameri dramatically suspended from Congress after kissing his partner’s breast during a remote videoconference session with fellow legislators. Hours later, he resigned his post.
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.
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.
17-09-2020 16:43 When the 70th FIFA Congress meets on Friday, one issue will very much be on members’ minds – how to find time in the football calendar for hundreds of qualifying matches for the 2022 World Cup.
16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.
12-09-2020 09:33 Key stories that caught our eye during the last seven days in Argentina.
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.
05-09-2020 10:06 Stories that caught our eye over the last seven days in Argentina.
05-09-2020 09:15 Monday was a big day for Alberto Fernández’s Peronist government, as it heralded its debt deal with foreign creditors. But the joy lasted only a day and celebrations were all but buried by news in Congress.
04-09-2020 17:53 Country must reduce its bond yields before returning to international capital markets in a process that will likely take some time, says Economy Minister Martín Guzmán in interview.
31-08-2020 17:52 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.
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.
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.
22-08-2020 09:53 Juntos por el Cambio calls on Fernández administration to withdraw its judicial reform bill, which is set to enter Congress next week.
21-08-2020 00:17 Demonstrators to stage new rally marching on Congress on August 26 in protest of the government’s judicial reform bill.
18-08-2020 23:15 Seeking to build on the momentum of 17A anti-government rally, Juntos por el Cambio calls on government to withdraw its judicial reform bill.
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.
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.
14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.
14-08-2020 01:00 Cabinet Chief Santiago Cafiero says bill to legalise abortion in Argentina will not be presented to Congress this year, blaming the coronavirus pandemic.
13-08-2020 18:52 Legislators from the Communist Party to the Christian Democrats submitted a bill that would set a one-time, 2.5 percent levy on individuals with more than US$22 million in wealth. Government opposes proposal.
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.
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.
04-08-2020 23:43 IMF chief Kristalina Georgieva welcomes debt deal reached by Argentina and its creditors as a "very significant step."
04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.
04-08-2020 14:19 President Alberto Fernández hails government after officials confirm Argentina has reached an agreement with three major creditors over restructuring of US$66-billion debt.
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.
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.
03-08-2020 17:47 The sides have moved closer over the weekend and are discussing a deal where creditors would receive about 54.8 cents on the dollar, according to three people with direct knowledge of the talks.
03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.
02-08-2020 17:01 Bondholders approach several international organisations, including IMF and US Treasury, to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities.
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.
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.
27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.
25-07-2020 07:51 Tourism chambers and agencies call for emergency legislation to protect businesses, with slump in activity expected to shave between one and four percent off Argentina’s GDP this year. More than 80,000 job losses anticipated across sector.
22-07-2020 01:18 Argentina simply cannot pay more than the offer that is on the table, president says during Council of the Americas event.
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.
20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.
16-07-2020 16:55 Economy Minister Martín Guzmán says Argentina is not seeking a "confrontational" relationship in debt talks and says the onus to make a deal is now on the country's creditors.
13-07-2020 23:54 President says in a radio interview that Argentina has made its "maximum effort" to reach an agreement with bondholders, reiterating that what's on the table is the country's "final offer."
10-07-2020 17:31 President Lenín Moreno’s administration struck an agreement with some of its top bondholders this week ahead of a mid-August deadline, when a moratorium on payments ends. By contrast, Argentina has presented a second binding offer to creditors after pushing back its deadline five times.
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.
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.
08-07-2020 17:33 Economy minister describes talks as "a cold shower of reality for creditors," as they've come to realise Argentina's limitations.
08-07-2020 16:58 Two investment funds, Gramercy and Fintech Advisory, express approval for Argentina's new debt restructuring offer. Creditors entering the swap stand to obtain 53.5 cents for every dollar loaned as against 39 cents in the first offer rejected by most creditors.
07-07-2020 14:04 Argentina formally presents its new proposal to the US Securities and Exchange Commission, extending deadline for acceptance to August 4.
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.
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.