News of deal

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

Argentine traders bail on devaluation bets, buy inflation bonds

19-01-2022 14:53 Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of more than 50 percent.

Argentina's president says IMF is trying to impose a programme

11-01-2022 10:09 Alberto Fernández said Monday that the International Monetary Fund is trying to impose a new programme in the country.

Argentina says IMF economic plan would derail its recovery

05-01-2022 21:10 Economy Minister Martín Guzmán says economic plan proposed by the IMF as part of a US$40-billion debt renegotiation would derail the country’s recovery. 

Argentina, Brazil and Paraguay agree to review Mercosur tariffs

17-12-2021 18:08 Argentina, Brazil and Paraguay agree to continue “modernisation” of bloc and review common external tariff at virtual summit – but without Uruguay's agreement.

Argentina’s Central Bank weighs rate hike amid IMF talks

15-12-2021 09:12 Central Bank weighing first interest rate increase in over a year as it seeks to bring borrowing costs closer to inflation amid talks with the IMF.

Check yo’ self before you wreck yo’ self

26-11-2021 23:13 With the election behind us, time for a deal with the IMF is running out. Argentina must make an interest payment in December and faces a tough payment calendar in the first quarter of 2022 that it is unable to face.

by Agustino Fontevecchia

How to freak out the IMF, an Argentine story

20-11-2021 11:55 It is difficult to fathom an IMF that will ink a deal with a nation that upholds dual exchange rates, price controls, relentless monetary expansion, and massive energy and utility subsidies in the context of perpetual deficits and extremely high inflation.

by Agustino Fontevecchia

The Berni Headlock and the Cristina Shake

16-10-2021 00:01 Whether on purpose or not, the pan-Peronist coalition led by Alberto Fernández and Cristina Fernández de Kirchner is trying to drag the conversation away from the economic failures during their tenure in an attempt to claw back votes.

by Agustino Fontevecchia

Lacalle Pou: Uruguay and China in talks over bilateral free-trade deal

08-09-2021 16:28 Uruguayan President Luis Lacalle Pou says his government is “in a hurry” to close a FTA with China – a development that’s sure to increase tensions with other Mercosur member states.

Government signs agreement with Moderna for 20 million Covid vaccines

12-07-2021 15:02 Health Ministry confirms Argentina has signed an agreement with US laboratory Moderna to purchase 20 million vaccine doses. Shots set to arrive in first quarter of 2022.

Mercosur’s glitch-plagued summit puts spotlight on trade divide

09-07-2021 02:58 Luis Lacalle Pou's new trade strategy unable to win broad support among bloc's members. Parallel initiative backed by Brazil and Uruguay to reduce Mercosur's common external tariff also fails to advance.

Trade and Covid-19 vaccines top agenda for Mercosur summit

23-03-2021 13:22 Mercosur’s member nations will celebrate the 30th anniversary of the bloc's founding at a key summit this Friday, with the clear differences between them more than evident.

by Mariano Beldyk

More than 450 NGOs, groups condemn ‘obsolete’ EU-Mercosur trade deal

16-03-2021 17:26 More than 450 civil society groups, associations and NGOs call on Mercosur, European Union to “abandon” controversial free-trade deal.

Felipe Solá: Argentina won’t stop or reject EU-Mercosur trade deal

01-10-2020 19:59 Foreign minister says country has “changed stance” on free-trade agreement and will debate it in Congress when concerns over environmental

by Fermin Koop

Brazil rejects deforestation concerns on EU-Mercosur deal

23-09-2020 16:12 Brazil hits back at European reluctance to finalise EU-Mercosur trade deal, saying a French report on environmental concerns is motivated by "protectionist interests."

Lacalle Pou says EU-Mercosur deal 'advances' but not at 'expected speed'

03-09-2020 01:05 Uruguayan leader’s comments just the latest in a series indicating that momentum for the accord has slowed.

Investors welcome debt deal amid grim economic outlook

31-08-2020 22:54 Investors are caught between relief over Argentina’s debt deal and concern over the grim economic reality facing the country.

Argentina will not accept any conditions from IMF, warns Fernández

11-08-2020 22:06 President Alberto Fernández says he will not allow the IMF to impose austerity measures on Argentina as part of a new financing programme. 

For Argentina, reaching a debt deal was the easy part

10-08-2020 15:50 Many analysts foresee the IMF agreeing to reschedule the loan to its biggest debtor. Nonetheless, the Fund’s imprimatur will come with conditions.

by Mac Margolis