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.
IMF DEBT TALKS ‘Close dialogue’ with Argentina continues, says IMF chief Georgieva 24-03-2021 11:27 IMF managing director shares “good meeting” with Economy Minister Martín Guzmán, says “close dialogue” between parties will continue.
IMF DEBT TALKS Guzmán to hold talks with IMF in Washington on March 23-24 11-03-2021 23:32 Economy minister's trip to Washington for talks with IMF officials, including Managing Director Kristalina Georgieva, will take place before the end of the month.
BLOOMBERG IMF sees upside in delaying Argentina deal after October 11-03-2021 14:08 IMF officials see some benefit in delaying a US$45-billion agreement with Argentina after the October midterms, with talks yielding little progress six months after they began.
IMF DEBT RESTRUCTURING Government considers using new IMF reserves for loan payment 26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.
IMF DEBT TALKS IMF: Argentine team expected to hold loan talks in mid-March 25-02-2021 18:22 Economy Minister Martín Guzmán will visit Washington in mid-March, confirms IMF spokesperson Gerry Rice.
IMF DEBT TALKS IMF official: Argentina deal by May is an ambitious timeline 08-02-2021 22:11 IMF Western Hemisphere Director Alejandro Werner says May target for new financing programme is "clearly ambitious," though not "unviable."
IMF DEBT TALKS President Fernández holds talks with IMF chief Georgieva 22-01-2021 02:25 The government is hoping to renegotiate repayments on a US$44-billion loan granted to the Mauricio Macri administration by the Fund in 2018.
IMF DEBT TALKS Guzmán expects new program with IMF in March or April 2021 10-12-2020 02:11 Economy Minister Martín Guzmán says talks with the IMF will still "take a while," hinting a deal would be likely in March or April next year.
economy Government officials to meet IMF in Washington in 'coming days' 04-12-2020 13:07 Government officials will meet with staff from the International Monetary Fund (IMF) soon to continue talks on a new aid programme, a Fund spokesman said Thursday.
Bloomberg Guzmán plays down prospects of an early IMF deal 29-11-2020 23:08 In an interview with the Financial Times, Economy Minister Martín Guzmán plays down the chances of an early agreement with the International Monetary Fund over repayment of US$44-billion loan.
IMF DEBT TALKS IMF and Argentina making 'good progress' on new financing plan 22-11-2020 15:13 IMF mission team ends visit to Buenos Aires, saying that talks over a new financing plan are progressing well, with the two sides beginning to “delineate the contours” of a new deal.
IMF DEBT TALKS Peronist senators amp up rhetoric with scathing letter to IMF chief 16-11-2020 18:05 With government in talks over new financing programme, senators from ruling Frente de Todos coalition fire off letter to IMF chief Kristialina Georgieva demanding organisation “refrain from conditioning economic policy.”
IMF DEBT TALKS Argentina will ask IMF for Extended Fund Facility programme, says Guzmán 09-11-2020 21:55 Government will ask IMF for an Extended Fund Facility (EFF) programme as part of the government's efforts to delay repayments on the US$44 billion it owes, Economy Minister Martin Guzman confirms.
IMF DEBT TALKS IMF to launch talks with Argentina over new loan next week 06-11-2020 18:27 IMF confirms mission team will arrive in Argentina to start talks with the government over a new financing programme next week.
TALKS OVER IMF PROGRAMME IMF: Argentina needs 'credible' plan to overcome crisis 14-10-2020 15:00 Argentina's "top priority ought to be to put in place a credible and comprehensive economic agenda that balances supporting the economy and people," says IMF chief Kristalina Georgieva.
BLOOMBERG Oxfam says IMF loans force spending cuts that exacerbate poverty 12-10-2020 12:39 The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.
IMF DEBT TALKS IMF to launch talks on new loan for Argentina in November 12-10-2020 12:23 The International Monetary Fund says in a statement it will initiate talks with the government on a new rescue package in mid-November.
SENATE ADDRESS Cafiero confirms government wants to postpone IMF debt repayments 07-10-2020 17:56 In address to Senate, Cabinet Chief Santiago Cafiero confirms government will ask the International Monetary Fund to postpone scheduled repayments on a US$44-billion loan.
IMF TEAM IN TOWN IMF vows not to put 'pressure' on Argentina over loan 07-10-2020 00:52 Kristalina Georgieva says IMF has "no intention of putting pressure on Argentina at this time," as negotiators from Fund arrive in Buenos Aires for talks.
IMF DEBT TALKS IMF team arrives in Argentina with Fernández seeking deal ASAP 05-10-2020 10:07 President Alberto Fernández says he’s seeking an agreement with Fund “as soon as possible,” in order to "clear up any doubts.”
BLOOMBERG IMF sounds debt warning as it offers rethink on restructurings 01-10-2020 15:17 IMF sounds a warning over rising global debt levels and proposed reforms to the debt-restructuring process for countries that struggle to meet their obligations.
New financing programme IMF says it will send mission team to Argentina in October 24-09-2020 18:50 IMF says a mission team will visit Argentina at the start of next month, as talks over a new financing programme begin in earnest.
IMF DEBT TALKS Guzmán: Argentina wants IMF deal with no payments until 2024 13-09-2020 22:50 Economy minister says Argentina wants to delay all IMF loan repayments until 2024 at the earliest in interview with La Nación.
debt talks IMF in 'initial stages' of Argentina loan talks: official 10-09-2020 18:27 The IMF is in the early phase of talks with Argentina over a new financing programme, and is gathering information on how best to help the country, confirms spokesperson.
Bloomberg Argentina won’t seek fresh IMF funding in upcoming talks 27-08-2020 22:48 Argentina's representative to IMF, Sergio Chodos, says country won't seek fresh funding during talks over new financing programme.
IMF DEBT TALKS Government formally opens debt rescheduling talks with IMF 27-08-2020 02:30 Government formally opens talks with IMF over new terms for repayment of record US$57-billion bailout agreed in 2018 by Macri administration.