News of local

Government hails ‘success’ of 4.34-trillion local debt swap

10-03-2023 10:52 Argentina swaps 4.34 trillion pesos ($21.66 billion) in domestic debt, exchanging 64% of maturing notes for new ones due in 2024 and 2025.

increasing debt

Debt has grown almost US$3 billion a month for last year

26-08-2022 11:11 Last month, the gross debt in a situation of normal payment rose to US$378.307 billion – around US$17 billion more than at the start of the year and US$35.747 billion more than July last year. In other words, the current fiscal deficit is close to three percent of gross domestic product, far from the targets pledged to the International Monetary Fund (IMF), whose review will begin in a few weeks. To meet them, the Central Bank would have to recover almost US$6 billion of reserves by December.

BLOOMBERG

Government may offer put option on local bonds to entice buyers

12-07-2022 10:03 Central Bank in talks with private lenders about adding a put option to local bonds, according to sources.

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.

BRITISH POLITICS

Johnson's Conservatives lose key councils in UK local elections

06-05-2022 09:27 UK Prime Minister Boris Johnson's Conservative party lost control of key councils in London, according to partial results from local and regional elections on Friday.

BRITISH POLITICS

Embattled UK PM Boris Johnson faces local elections test

02-05-2022 11:12 A drubbing for Boris Johnson's Conservatives in Thursday's local elections could revive calls for the under-fire leader to go.

BLOOMBERG

Government publishes decree on budget changes for 2022

22-02-2022 15:35 Government issues decree on Tuesday authorising more local debt issuance this year.

BLOOMBERG

How China beat out the United States to dominate South America

18-02-2022 22:29 It’s no secret that China has been pouring resources into South America this century, chipping away at the United States' historic dominance. But an important shift has gone largely unnoticed in the country's approach to the region: going local to expand and strengthen its financial grip.

BLOOMBERG

Argentina’s vineyards can’t bottle wines due to glass shortage

08-10-2021 17:03 Argentina’s famed vineyards are struggling to find wine bottles amid a global shortage of glass, in the latest example of supply backlogs hitting local production.

Bloomberg

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

Bloomberg

Argentina’s CNV mulls allowing foreign listings on local markets

02-10-2021 07:56 National Securities Commission calls for public consultation to potentially allow foreign issuers to list securities on Argentina's local markets.

BLOOMBERG

Debt rollover flops as investors eye midterms

04-08-2021 20:47 Investors sent a warning message to Argentina’s Treasury on Tuesday night – don’t expect us to finance the government’s increased spending ahead of November’s midterm elections unless interest rates go up.

SMEs in Argentina

‘PyMEdemia’ – 20,000 SMEs closed, 100,000 jobs lost in 2020, says report

31-07-2021 00:07 New Ecolatina report says the number of small and medium sized companies in Argentina has dropped to 2008 levels in the midst of the coronavirus pandemic.