News of deal

Argentina finishes first IMF review as path to targets may shift

09-06-2022 09:07 IMF staff and Argentine authorities agree that the annual objectives established at approval of the arrangement will remain unchanged.

IMF: Targets in Argentina’s debt deal ‘have not changed’

19-05-2022 16:09 Fund Spokesperson Gerry Rice says staff are making “good progress” in review of debt restructuring deal, but that its “objectives have not changed.”

Twitter takeover was brash and fast, with Musk calling the shots

29-04-2022 08:44 It was one of the most frenzied and unpredictable takeover bids ever, with Elon Musk sealing a deal to acquire Twitter within weeks of anyone even knowing he was an investor.

Guzmán tells IMF: ‘We will prioritise social spending’

22-04-2022 23:34 Economy minister meets with International Monetary Fund Kristalina Georgieva, tells her Argentina’s government has complied with targets laid out in US$44.5-billion debt restructuring deal.

IMF approves Argentina’s US$45-billion deal already facing risks

25-03-2022 16:40 The International Monetary Fund has approved Argentina’s US$45-billion agreement, the final step to cement a deal that’s already facing economic and political challenges. 

Sergio Massa: ‘I stopped basing my politics on articles or opinion polls a long time ago’

25-03-2022 12:00 Lower House speaker on tensions in the ruling coalition, the approval of the IMF debt deal and whether he’ll run for the Presidency in 2023.

by Jorge Fontevecchia

Senate set to open debate on government's IMF bill

13-03-2022 21:25 IMF bill due to reach Senate Budget Committee on Monday, with the ruling coalition wanting it approved by the end of the week.

Fernández de Kirchner hits out at ‘paradoxical’ attack on her Senate office

11-03-2022 16:40 Vice-president and Senate chief expresses dismay at "paradoxical" attack on her Senate office during protests against government's International Monetary Fund debt bill.

Lower house prepares to vote on IMF deal, approval likely

10-03-2022 23:16 Argentina's lower house on track to approve government's deal to restructure its US$45-billion debt with the International Monetary Fund in a session just after midnight; Senate still to vote; Protesters clash with police during demonstrations against deal outside Congress.

IMF-backed subsidy cuts are boon to power producers

10-03-2022 18:10 Energy producers in Argentina are poised to fare best from the agreement with the International Monetary Fund.

IMF bill reaches Congress to a backdrop of uncertainty

04-03-2022 23:32 Bill outlining agreement between Argentina and the IMF sent to lower house; Doubts persist over support from Kirchnerite lawmakers in ruling coalition; Opposition says it will wait to hear presentation from Guzmán.

Fernández slams Macri in speech to Congress, prompting opposition walkout

04-03-2022 23:07 Opposition PRO party lawmakers walk out on speech to Congress after president once again attacks Macri for agreeing an “unpayable foreign debt” with IMF.

Argentina inks US$45-billion staff-level IMF deal in key step

03-03-2022 21:02 Staff-level accord, which includes commitments to narrow fiscal deficit and money-printing while unwinding energy subsidies, will seek to address “persistent” high inflation and public finances.

Argentina says it has overcome energy-fee hurdle in IMF agreement

03-03-2022 15:12 Argentina has hammered out an agreement with the International Monetary Fund over how to handle energy subsidies, presidential spokeswoman Gabriela Cerruti said on Thursday.

President seeks unity ahead of Congress speech, IMF debt bill

25-02-2022 18:12 Alberto Fernández tells Peronist youth that Frente de Todos is “weak” when “divided,” as he seeks to build support for the IMF debt refinancing deal ahead of speech opening new congressional year.

Vista: Argentina FX rules won’t change soon even with IMF deal

23-02-2022 17:34 Vista CEO Miguel Galuccio does not expect a drastic change to Argentina's exchange rate rules in the short term.

Inflation reached 3.9% in January, lifting annual rate to 50.7%

15-02-2022 22:08 Consumer prices rose 3.9% in January as inflation accelerated for a second straight month, the INDEC national statistics bureau reported on Wednesday.

Inflation accelerates for second straight month

15-02-2022 21:55 Argentina’s inflation accelerated for the second consecutive month in January as the Central Bank sped up the pace of its controlled currency devaluations.

Government, opposition tell IMF Argentina is ready to ‘meet its obligations’

12-02-2022 09:59 Rare signs of unity as Frente de Todos and Juntos por el Cambio indicate they will support IMF agreement in Congress; Fund spokesman says staff are working closely with government officials to secure new financing deal "as quickly as possible."

by James Grainger

Sergio Chodos: ‘The 2018 agreement left us Argentines with nothing’

11-02-2022 00:01 Executive Director for the Southern Cone at the IMF explains in detail how the agreement was reached, anticipating some of the fine print and unfolding the government’s economic vision.

by Jorge Fontevecchia