News of money

Argentina slams brake on crypto, banning purchases through banks

06-05-2022 08:39 Central Bank bans financial institutions from offering clients any operations involving unregulated digital assets, effectively banning engagement with cryptocurrencies.

Argentina receives US$9.7B after IMF board signs off on debt deal

25-03-2022 20:36 IMF chief Kristalina Georgieva warns that “risks” lie ahead, concedes “early recalibration” of programme may be necessary.

IMF admits Ukraine war will impact targets in Argentina’s new programme

18-03-2022 17:50 International Monetary Fund admits economic consequences of Russia's attack on Ukraine will likely impact upon targets outlined in Argentina’s new financing programme.

Senate approves IMF deal, now goes to board vote

18-03-2022 09:10 In a 56-13 vote with three abstentions, senators approve legislation underpinning Argentina’s latest IMF programme.

Senate prepares to debate IMF deal after lower house backs bill

11-03-2022 16:25 Upper house to begin debate on bill on Monday, with government seeking approval before start of following week, when US$2.9-billion maturity is due.

Lawmakers in lower house approve deal with IMF to repay debt

11-03-2022 10:07 Lawmakers in the lower house approve a deal with the International Monetary Fund to restructure US$45-billion debt; Senate must still vote to back deal.

Deputies to start debating IMF deal as key week gets underway

07-03-2022 10:23 After months of negotiation between the government and the International Monetary Fund (IMF), Argentina's Congress will finally begin to officially debate a bill outlining the new financing programme this week.

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.

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.

Investigation claims Credit Suisse bank handled dirty money

21-02-2022 15:01 Switzerland's second-largest bank Credit Suisse held billions of dollars of dirty money for decades, a new cross-border media investigation has claimed, based on a massive data leak from an anonymous source.

IMF and Argentina engaged in ‘intense negotiations,’ says Fund official

18-02-2022 20:54 Government wants to send a bill to Congress containing details of a new IMF financing programme “before March,” according to Casa Rosada sources.

'Act of good sense' – President praises opposition support for IMF deal

12-02-2022 21:26 President Alberto Fernández praises opposition coalition's support for new IMF financing programme. saying he considered it to be an "act of good sense."

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

Argentina's government pays IMF US$370 million in debt interest

04-02-2022 23:20 Argentina on Friday paid US$370 million to the IMF as interest on a US$44-billion debt that was rescheduled late last month, officials said. 

Guzmán seeks IMF support in Russia

04-02-2022 23:01 Argentina seeks Russian support for inclusion in the distribution of the special drawing rights of developed countries at IMF.

Argentina seeks to reach IMF staff-level agreement before March

02-02-2022 14:19 Argentina’s government expects to reach a staff-level agreement on a new programme with the International Monetary Fund in the next three to four weeks before sending it to Congress for approval.

Resignation throws doubt on Argentina's IMF agreement

02-02-2022 14:11 A dose of uncertainty has been injected into the market after Máximo Kirchner's resignation highlights opposition to IMF deal within the ruling coalition.

Curbing Argentina’s US$11-billion energy bill key for new IMF deal

28-01-2022 19:18 If the IMF deal is to succeed, the government will have to unwind a politically sensitive strategy of spending billions on energy subsidies.

Guzmán confirms details of Argentina's new IMF debt agreement

28-01-2022 14:15 Under the new deal, Argentina has committed to progressively reducing its fiscal deficit from 3% in 2021 to just 0.9% in 2024.