News of credit

Argentina's credit rating cut by Fitch on public-sector debt swap

Today 19:09 Argentina's credit rating has been downgraded by Fitch Ratings to the lowest level above default as the government plans to force state institutions to dispose of their holdings of dollar-denominated bonds.

Venezuela Economy

Maduro says Venezuela's economy grew 15% in 2022

13-01-2023 12:10 With informal dollarisation and easing of controls, Venezuela's economy has now recorded five quarters of growth between 2021 and 2022 after years of recession and hyperinflation.

DEBT DEAL

IMF board approves US$6 billion in fresh funds for Argentina

23-12-2022 00:50 International Monetary Fund announces that its board of directors has signed off on third review of Argentina's debt assistance programme and releases new US$6-billion disbursement of funds.

EXCHANGE MARKET

Argentina’s elaborate ploy to lure tourists has begun

21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.

CURRENCY CONTROLS

Argentina lets tourists tap parallel FX rate to bring in dollars

03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).

IMF DEBT DEAL

Congress greenlights debt deal – ball now in IMF’s court

18-03-2022 21:46 US$45-billion agreement signed into law by president; Deal now needs approval by IMF’s Executive Board.

BRAZILIAN ECONOMY

Brazilian families slammed by debt, inflation

06-01-2022 12:04 Even though 2021 had been anticipated as the year of economic recovery in Brazil, high inflation and the complications derived from the pandemic, are forcing Brazilians to get more and more into debt, despite the rising interest rates.

INTERNATIONAL MONETARY FUND

IMF report concludes 2018 loan ‘did not deliver on its objectives’

23-12-2021 14:09 IMF concludes record US$57-billion 2018 credit-line for Argentina, the largest in the multilateral lender’s history, “did not deliver on its objectives.”

'ex-post evaluation'

IMF says Argentina capital flow measures needed with 2018 deal

22-12-2021 22:10 IMF concludes record US$56-billion 2018 programme for Argentina didn’t succeed “in improving confidence” and was “fragile from its inception” despite the size of the loan.

IMF DEBT TALKS

Argentina and the IMF: still bound in a love-hate relationship

21-12-2021 14:52 Argentina has long had a stormy relationship with the International Monetary Fund. Twenty years after a deep economic, political and social crisis shook the country, the nation is again traversing a tense financial patch.

IMF DEBT

Upcoming IMF report assessing 2018 loan promises to stir up local politics

03-12-2021 21:56 IMF’s board set to discuss report reviewing the record stand-by programme worth US$57 billion granted to the Mauricio Macri government.

IMF DEBT TALKS

Argentine officials travel to Washington for IMF talks

02-12-2021 16:15 A technical mission team with officials from Argentina's Economy Ministry and Central Bank will travel to Washington on Saturday to meet with representatives from the International Monetary Fund.

NEW CENTRAL BANK RESTRICTIONS

Kulfas defends new rules: ‘Middle class has many options for the summer’

28-11-2021 09:08 Productive Development Minister Matías Kulfas becomes the latest government minister to take to the airwaves to defend new Central Bank rules on credit card purchases in dollars.

FINANCIAL TURBULENCE

Government: New restrictions to protect reserves are ‘temporary’

26-11-2021 22:41 Presidential Spokesperson Gabriela Cerruti slams opposition "fear-mongering" following introduction of new Central Bank rules on credit card purchases.

IMF DEBT

Argentina makes US$390-million interest payment to IMF

05-11-2021 01:53 Argentina made a payment of US$390 million Monday to the International Monetary Fund for interest on a US$44-billion loan it is seeking to renegotiate, the government said.

G20 & COP26 SUMMITS

Argentina offers its creditors climate action instead of money

05-11-2021 01:48 Argentina is pushing for a new way to service debt: instead of paying creditors with cash, it wants them to recognise the country’s efforts to tackle climate change.

BLOOMBERG

IMF rejected Argentina’s request for temporary surcharges relief

11-10-2021 18:00 The International Monetary Fund’s board of directors turned down a request by Argentina to discuss relief on the commissions the country pays for its record loan.

BLOOMBERG

Argentina’s US$45-billion IMF talks hit by Fernández election loss

13-09-2021 16:29 The Argentine government’s election loss on Sunday weakens Economy Minister Martin Guzmán’s negotiating power with the International Monetary Fund, according to one of the nation’s former representatives with the Fund.

Bloomberg

Argentina needs 10-year plan for IMF deal, says Vidal

06-09-2021 21:44 Argentina needs a long-term plan to stabilise its battered economy and a decade-long program with the International Monetary Fund can help achieve that goal, says María Eugenia Vidal.

IMF debt

Argentina makes US$334-million interest payment to IMF

02-08-2021 18:57 Argentina makes US$334-million interest payment to the International Monetary Fund.

INTERVIEW

Sergio Chodos: ‘The fundamental thing is to get out of excessive debt’

20-07-2021 17:03 IMF Executive Director of the Southern Cone was a key member of the committee accompanying Economy Minister Martín Guzmán at the recent G20 summit. “The meeting with Janet Yellen was very good,” he reveals, regarding the US Treasury Secretary.

by Leandro Dario

IMF DEBT TALKS

President Fernández holds 'positive' talks with IMF chief in Rome

14-05-2021 14:16 President Alberto Fernández said Friday he was hoping to renegotiate Argentina's debt "as quickly as possible," after talks with the head of the International Monetary Fund (IMF) in Rome.

International Monetary Fund

Alejandro Werner, IMF director for Americas, to retire

28-04-2021 17:37 Alejandro Werner, director of the Western Hemisphere Department of the International Monetary Fund, to retire in August.

IMF debt talks

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

IMF DEBT TALKS

Guzmán: IMF credit line deal will not be finalised before May

05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.

IMF DEBT TALKS

Fernández: IMF debt is 'unpayable' and terms must be renegotiated

28-03-2021 21:53 President Alberto Fernández said on Sunday that the Argentina's debt with the International Monetary Fund is "unpayable" in its original form.

IMF DEBT TALKS

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.

IMF DEBT TALKS

IMF and Argentina find common ground amid CFK's bombshell remarks

26-03-2021 10:02 Argentina and IMF coordinate messaging on principles that could underpin country’s programme, a day after Vice-President Cristina Fernández de Kirchner put the deal in doubt.

IMF DEBT TALKS

IMF says 'progress' made after Guzmán visit

25-03-2021 18:09 Mixed messages all round as IMF says it has "made progress" with Economy Minister Martín Guzmán, despite comments from Vice-President Cristina Fernández de Kirchner.

News of credit

Argentina's credit rating cut by Fitch on public-sector debt swap

Maduro says Venezuela's economy grew 15% in 2022

IMF board approves US$6 billion in fresh funds for Argentina

Argentina’s elaborate ploy to lure tourists has begun

Argentina lets tourists tap parallel FX rate to bring in dollars

Congress greenlights debt deal – ball now in IMF’s court

Brazilian families slammed by debt, inflation

IMF report concludes 2018 loan ‘did not deliver on its objectives’

IMF says Argentina capital flow measures needed with 2018 deal

Argentina and the IMF: still bound in a love-hate relationship

Upcoming IMF report assessing 2018 loan promises to stir up local politics

Argentine officials travel to Washington for IMF talks

Kulfas defends new rules: ‘Middle class has many options for the summer’

Government: New restrictions to protect reserves are ‘temporary’

Argentina makes US$390-million interest payment to IMF

Argentina offers its creditors climate action instead of money

IMF rejected Argentina’s request for temporary surcharges relief

Argentina’s US$45-billion IMF talks hit by Fernández election loss

Argentina needs 10-year plan for IMF deal, says Vidal

Argentina makes US$334-million interest payment to IMF

Sergio Chodos: ‘The fundamental thing is to get out of excessive debt’

President Fernández holds 'positive' talks with IMF chief in Rome

Alejandro Werner, IMF director for Americas, to retire

IMF official says timing of new debt deal depends on Argentina

Guzmán: IMF credit line deal will not be finalised before May

Fernández: IMF debt is 'unpayable' and terms must be renegotiated

President Fernández calls to extend IMF payment period

IMF and Argentina find common ground amid CFK's bombshell remarks

IMF says 'progress' made after Guzmán visit

Latin American security contractors bitter after serving in US wars

Race against time to rescue Argentina’s wine grapes

'Never again': Demonstrators rally on dictatorship coup anniversary

Affection rains down from stands as fans and players enjoy World Cup party

Lula irks foreign oil companies with new tax

Burlando explicó por qué aparece un asesino de Cabezas en su spot de campaña

Caso Jey Mammón: cómo es la causa en la que lo acusaron, los hechos y por qué prescribió

Ciudadanía italiana: los 3 documentos obligatorios a tramitar desde 2023

Argentino ganó el “Nobel” de matemática por lo que ocurre en un vaso con hielo

Melconian aseguró que el canje de bonos "no sirve"