CENTRAL BANK Argentina raises key rate to 78% for first time since September 16-03-2023 17:43 Argentina raised its benchmark rate on Thursday for the first time since September after annual inflation surpassed 100%.
IMF DEBT REVIEW IMF ready to ease targets after review of Argentina's debt deal 13-03-2023 21:11 International Monetary Fund confirms staff-level agreement with Argentina on fourth review of debt programme and calls for “modification of net international reserve accumulation target”; News paves way for new US$5.3-billion disbursement later this month.
IMF DEBT PROGRAMME IMF sees ‘policy setbacks’ in review of US$44-billion deal 13-03-2023 20:01 International Monetary Fund calls on Argentina to make stronger efforts to address foreign reserve losses, galloping inflation and other “policy setbacks” amid a severe drought that’s hitting the commodities sector.
IMF DEBT DEAL Argentina to change IMF net reserve target for third time 26-02-2023 08:46 Argentina and the IMF are discussing a smaller figure for net reserve accumulation in 2023, a cornerstone of the deal seen as the only major anchor providing some stability to the economy.
IMF DEBT DEAL Argentina seeks fresh IMF approval – and US$5 billion in funds 21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.
IMF DEBT DEAL Massa: IMF failing to consider impact of Ukraine war on debt deal 16-01-2023 14:35 Economy minister accuses IMF of reneging on a commitment to fully review and consider the impact of the war in Ukraine on Argentina’s debt deal.
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.
IMF DEBT PROGRAMME IMF clears way for latest US$6-billion disbursement 03-12-2022 23:17 "Prudent macroeconomic management and efforts to mobilise external financing are supporting stability," declares IMF mission team as latest staff review is signed off.
IMF DEBT PROGRAMME Argentina’s US$44-billion IMF deal gets latest staff approval seal 03-12-2022 08:07 Third review of nation's US$44-billion debt programme now goes to the IMF’s executive board for approval, which is expected to meet this month; Upon completion, Argentina will have access to about US$6 billion, the IMF said.
Central Bank reserves Argentina to brings back exchange rate that led to IMF exception 26-11-2022 08:01 Economy Minister Sergio Massa to revive 'soy dollar' currency measure to boost soy exports and prop up Central Bank reserves that generated backlash from the International Monetary Fund.
INTERNATIONAL MONETARY FUND IMF urges Argentina against ad-hoc FX policy with 100% inflation 14-10-2022 10:40 With inflation forecasts reaching 100% for the year, IMF Western Hemisphere Director Ilan Goldfajn cautions Argentine officials against “different FX measures or prices."
ECONOMIC INDICATORS IMF maintains Argentina 2022 growth forecast at 4% 11-10-2022 17:44 International Monetary Fund maintains outlook for Argentina this year: 4% growth.
WHEN ALBERTO MET KRISTALINA ‘Doing well’ – IMF chief backs Argentina's course in meeting with president 19-09-2022 17:05 IMF Managing Director Kristalina Georgieva briefs media on “excellent” meeting with President Alberto Fernández; Reiterates praise for Economy Minister Sergio Massa, declaring: “Three ministers, one programme.” by Rosario Ayerdi
INTERNATIONAL MONETARY FUND 'Inflation tops the list' of Argentina's problem, says IMF director 14-09-2022 09:24 Inflation is the main problem afflicting Argentina's economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Tuesday.
ECONOMY MINISTER IN WASHINGTON IMF chief praises Massa's 'stabilising plan,' talks over review continue 12-09-2022 22:03 Argentina and the IMF to continue talks over latest disbursement of funds, says multilateral lender’s chief after high-level talks with Sergio Massa.
ECONOMY MINISTER IN WASHINGTON New economy chief wins IMF praise on first trip 12-09-2022 20:59 IMF Managing Director Kristalina Georgieva praises "strong steps" Economy Minister Sergio Massa has taken to stabilise the economy following meeting in Washington.
Bloomberg Key Argentina creditor hints at withholding new funding 26-07-2022 13:42 Argentina faces further potential isolation after one of its last-standing creditors suggested it won’t give new funding until the government organises itself better.
BLOOMBERG - ANALYSIS Argentina needs to stick to IMF agreement, says minister 11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.
THE CHALLENGES AHEAD New minister Batakis takes office in an Argentina full of uncertainty 07-07-2022 23:34 Silvina Batakis faces a number of key challenges and decisions; Issues like inflation, the IMF deal, the fiscal deficit and subsidies top her in-tray.
IMF DEBT DEAL IMF ‘looking forward’ to working with Batakis at ‘difficult moment’ 07-07-2022 16:06 New economy minister speaks with multilateral lender’s chief Kristalina Georgieva, who says Batakis confirmed her “commitment” to IMF refinancing programme.
IMF DEBT DEAL IMF board approves first review of Argentina debt programme 24-06-2022 16:15 Executive board of International Monetary Fund signs off on first quarterly review, approving Martín Guzmán figures for US$44.5-billion debt programme and paying way for new disbursement of funds.
DEBT SWAP Guzmán surprises markets with last-minute debt bond swap 23-06-2022 00:00 Economy Ministry eases 60% of June debt burden in local swap, drastically reducing pressure on the government; Government makes US$2.7-billion payment to IMF.
INTERVIEW / PERIODISMO PURO Nicolás Dujovne: ‘This government’s economic programme is inflationary’ 17-06-2022 08:00 Former economy minister Nicolás Dujovne on the Cambiemos administration, the IMF debt deals and Argentina’s ongoing struggle with inflation. by Jorge Fontevecchia
International Monetary Fund IMF will update Argentina inflation forecast in wake of Ukraine war 09-06-2022 16:44 OECD warns of risks to global growth, but improves forecast for Argentina’s economy to 3.6% growth this year.
BLOOMBERG 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 PROGRAMME Argentina clears first review as IMF paves way for US$4-billion in funds 09-06-2022 00:34 IMF confirms it has reached a staff-level agreement with Argentina that will unlock US$4.03 billion in funding; Multilateral lender says government “met all qualitative targets in first quarter."
POLITICS Manzur tells senators: Inflation is Argentina’s ‘main problem’ 02-06-2022 20:52 Eight-and-a-half months after taking office, Cabinet chief delivers first management report before Senate, warning that attempts to tackle price hikes will take some time.
IMF DEBT 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.”
IMF DEBT Government trusts in recalibration as IMF audits accounts 17-05-2022 15:57 Official data revealed six percent inflation for April; Once chapter of raising public utility rates is closed, International Monetary Fund will focus on nation’s deficient accumulation of reserves.
Latin American Outlook Ukraine war, rising prices prompt lower growth forecasts for Latin America 29-04-2022 20:05 New United Nations report warns of lower growth in region this year; CEPAL sees 3% rise in Argentina’s GDP, while IMF predicts 4% jump.
BLOOMBERG Argentina’s US$44-billion debt plan remains unchanged despite shocks, IMF says 26-04-2022 17:19 Targets in recently minted US$44-billion agreement will remain unchanged even as some assumptions of the programme may be revised, says IMF Western Hemisphere Director Ilan Goldfajn.
ECONOMIC OUTLOOK IMF warns of significant risks facing Latin American growth 26-04-2022 10:05 Latin America and the Caribbean facing significant risks to growth, warns International Monetary Fund; Region's economy to grow 2.5% this year, with Argentina's GDP expected to improve 4%.
IMF DEBT DEAL 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.
ECONOMIC OUTLOOK IMF upgrades Argentina growth projection ahead of Guzmán talks 19-04-2022 16:26 Multilateral lender predicts GDP will improve by 4% in 2022 but sees inflation topping out the year at 48%.
WORLD ECONOMY IMF slashes global growth forecasts amid Ukraine war 19-04-2022 15:07 IMF lowers global growth forecast to 3.6% for 2022 in wake of "seismic" impact of Ukraine war.
PRICE HIKES ‘Inflation is paralysing Argentina’s economy,’ says IMF official 15-04-2022 01:10 Opposition critics let rip at government after damning INDEC data reveals extent of consumer price hikes.
BLOOMBERG Argentina's IMF deal fails to revive bonds stuck around 30 cents 29-03-2022 16:56 Argentina's bonds maturing in 2035 are little changed since President Alberto Fernández’s administration reached an agreement with IMF.
POLITICS Government admits to growing tensions within Frente de Todos 18-03-2022 21:18 Vote on IMF debt deal exposes split within ruling coalition; Government spokesperson Gabriela Cerruti admits to tensions between President Alberto Fernández and Vice-President Cristina Fernández de Kirchner.
BLOOMBERG – ANALYSIS 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 DEBT DEAL Government to change IMF bill to get opposition backing 09-03-2022 21:42 Ruling coalition agrees to change the bill that underpins the government’s agreement with the IMF in exchange for the opposition to support it.
BLOOMBERG 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.
GUEST VOICE 'Stand by me' 25-02-2022 18:00 The lyrics of ‘Stand by me,’ the song made famous by Ben E. King in 1961, sum up the message from Alberto Fernández and Martín Guzmán to the IMF. by Carlos Fara
BLOOMBERG – ANALYSIS How Argentina’s IMF deal will test ‘exceptional’ criteria limits 23-02-2022 17:24 As the International Monetary Fund staff and Argentina advance on talks for a new agreement, the lender’s board is closely following whether the country meets four key criteria that would allow it to receive a large loan.
Politics Playing with fire 12-02-2022 09:27 Despite claims of an historical “Peronist third position,” the reality is Argentina has an impossible debt with the International Monetary Fund and it needs all the support it can get to restructure it. by Agustino Fontevecchia
PRESIDENT'S FOREIGN TOUR President on IMF deal: ‘The majority of our political force will accompany us’ 08-02-2022 22:38 President grants Zoom interview to journalists from Barbados, the final stop of his foreign tour, offering a balance of his trip and revealing his conversation from Beijing with Cristina Fernández Kirchner. by Rosario Ayerdi
IMF DEBT DEAL Carrió backs IMF agreement, tells allies to do the same 08-02-2022 17:41 Former national deputy and Coalición Cívica-ARI leader says Argentina must "honour its debt" and that the opposition has an "inexcusable duty" to support the government's deal with the IMF.
ALBERTO’S FOREIGN TOUR Alberto tells Putin: Argentina has to stop depending on IMF and US 04-02-2022 23:32 President's foreign tour to Moscow, Beijing and Barbados begins with a bang as opposition criticises “irresponsible” remarks to Russian leader.
EDITORIAL Into More Frustration 04-02-2022 23:13 The distinction between an “agreement” and an “understanding” might seem like semantic quibbling but there is a world of difference. Máximo Kirchner and other critics within and beyond the government might be entitled to a certain scepticism as to the rosy picture painted by President Fernández a week ago.
As I see it All the time in the world 04-02-2022 23:07 The ill-tempered conflict between those who still hope Alberto will succeed in taming the Kirchnerites and their rivals who want him to remain under Cristina’s thumb confronts the opposition alliance with an awkward dilemma.
INTERVIEW / PERIODISMO PURO Miguel Ángel Pesce: ‘The IMF agreement reduces uncertainty’ 04-02-2022 01:08 Miguel Ángel Pesce, head of Argentina’s Central Bank, on the IMF deal, the currency swap with China and President Alberto Fernández’s chances of re-election. by Jorge Fontevecchia