News of debt

Milei gets vote of confidence in wave of Argentine debt sales

15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.

Central Bank working to enable dollar debt cards

14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.

La Rioja creditors win US$40 million in NY court over bond spat

12-09-2024 16:29 US judge orders La Rioja Province to pay creditors nearly US$40 million in damages.

55% of Argentina’s population below poverty line, says UCA body

05-09-2024 08:53 Extreme poverty affected 17.5% of people in first half of 2024, reports private observatory from the Catholic University of Argentina (UCA).

IMF endorses Milei austerity, paves way for new funds

13-05-2024 13:05 Multilateral lender signs off on eighth review but says Milei government has put US$44-billion programme “firmly back on track”; Argentina to receive US$800 million in funds to make upcoming loan payment.

Power producers seek better terms for US$2-billion Argentina debt

08-05-2024 15:46 Privately-run power producers Pampa Energía SA and Central Puerto SA will reject the government's current offer to settle a US$2-billion debt.

Argentina sued in United States over unpaid fuel for presidential plane

14-03-2024 18:29 Associated Energy Group files lawsuit against Argentina for failing to make payments to cover fuel costs from the presidential plane during trips by former president Alberto Fernández and current head of state Javier Milei.

Argentina downgraded to selective default by S&P on debt swap

13-03-2024 23:08 Standard & Poor's downgrades Argentina's peso-denominated debt to "selective default," following announcement of US$55.3-billion debt swap.

Argentina, IMF talking about new programme outline

29-02-2024 12:20 Argentina, IMF in talks about outline of possible new programme to speed up exit from capital controls.

Argentina’s US$18-billion Chinese FX line eyed for US YPF judgement

29-02-2024 00:15 Burford Capital, trying to collect on a US$16-billion US court judgement against Argentina, is exploring whether a currency swap line with China could be used to satisfy the debt.

Poverty hit 20-year high of 57.4% in January, says UCA body

18-02-2024 10:21 Prestigious UCA Social Debt Observatory says poverty is at 20-year high: 57.4%, equivalent to 27 million people, are now considered poor in Argentina. Extreme poverty affects 15%, some seven million people.

by Gonzalo Martínez

Next hurdle for El Salvador's Bukele: the economy

05-02-2024 11:35 With high public debt, nearly a third of the population living in poverty and fast-rising consumer prices, Salvadorans are increasingly starting to think of what comes next.

Blow for Argentina as court rules against nation in YPF nationalisation case

11-01-2024 17:12 US Judge Loretta Preska rejects the motion for extension by the government and confirms January 10 was deadline to provide guarantees; Plaintiffs can now seek seizure of assets for compliance.

Argentina’s US$16.1-billion YPF judgement is now open to collection

11-01-2024 16:12 US judge rules against Argentina's bid to push back collection efforts for US$16.1-billion court judgement related to its 2012 takeover of oil company YPF SA.

Government proposes peso debt swap that may top US$71 billion

05-01-2024 14:30 Argentina’s government is proposing a debt swap to banks in the country that could top US$71 billion for peso notes due this year with the aim of postponing maturities and reducing the financial deficit to zero.

Government postpones IMF payments as it seeks new deal

04-01-2024 00:40 While awaiting the arrival of IMF officials for crunch talks over its multi-billion-dollar programme, Argentina’s government wants to unify its January commitments and push them to the end of the month.

by Ramiro Speranza

IMF’s Georgieva, Milei discuss economic challenges in video call

25-11-2023 08:49 Argentina's president-elect Javier Milei and IMF chief Kristalina Georgieva had a first meeting via video call on Friday, in which they discussed the country's economic crisis. 

Argentina gets delay on payment of US$16.1 billion in YPF case

23-11-2023 13:06 Judge agrees to temporarily delay enforcement of a US$16.1 billion court judgment against Argentina over its 2012 expropriation of oil company YPF.

IMF toughens stance, questions Massa's measures

09-11-2023 19:42 Directors on multilateral lender's board reportedly concerned by dramatic loss of reserves as they toughen criticism of Argentina’s government.

Argentina pays US$2.6 billion maturity to IMF

01-11-2023 21:12 State news agency confirms Argentina's government made US$2.6-billion payment to settle maturity from record International Monetary Fund debt programme.