News of money

Guzmán confirms details of Argentina's new IMF debt agreement

Yesterdat 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.

IMF: 'Understanding' reached with Argentina, more work to be done

Yesterdat 13:55 IMF confirms it has reached a deal with Argentina on massive loan repayment, though the Washington-based crisis lender stresses further approvals are needed before agreement has been saved.

Top-ranking IMF official eyes progress on debt deal in 'next days'

25-01-2022 15:32 Senior IMF official hopeful progress will be made in talks over new debt deal for Argentina in the coming days, but warns programme must be "sound and credible."

IMF hopes for 'progress' soon in talks with Argentina

25-01-2022 15:24 IMF hopes to see a breakthrough in negotiations for a new programme with Argentina “in the next days,” according to Fund official.

TPCG: IMF will ask Argentina for fiscal, money, reserve targets

03-01-2022 15:05 Argentina's IMF agreement will impose explicit targets on the nominal primary deficit, nominal monetary financing and net international reserve accumulation, according to a TPCG Valores report.

Fernández de Kirchner, children cleared in money-laundering case

27-11-2021 00:31 Vice-President Cristina Fernández de Kirchner and her two children, Florencia and Máximo, have been cleared in the 'Hotesur-Los Sauces' case investigating alleged money-laundering.

Football clubs, AFA headquarters raided as part of money-laundering probe

30-09-2021 17:11 Investigators probing irregularities in transfers of players to Mexican sides. Football association's headquarters raided, along with offices at Gimnasia, Independiente, Racing and Unión de Santa Fe.

Argentina accelerates money printing ahead of November elections

28-09-2021 14:58 Central Bank steps up pace of money printing to fund government spending ahead of November’s midterm elections, potentially stoking inflation in the months ahead. 

Venezuelans desperately ditching bolivars as inflation bites

10-08-2021 14:02 Venezuela announced Thursday it would knock six zeroes off its currency – the third time in 13 years it has redenominated the bolivar. Faith in physical bank notes is at an all-time low, and people want rid of them.

Venezuela to slash six zeroes from its currency

05-08-2021 14:25 Venezuela will slash six zeroes off its inflation-battered currency to make it easier to use, the Central Bank said on Thursday.

Central Bank warns citizens of risks of cryptocurrencies

21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.

Money printer goes quiet and Argentina's government gets squeezed

28-04-2021 21:14 The Central Bank’s fight against inflation is upending the local bond market and squeezing government finances as Argentina struggles to regain traction while the pandemic rages on.

More of the same?

13-03-2021 05:48 The kick-off of the October electoral campaign promises to be brutal for future expectations. Government and opposition will duke it out once again, using all of the usual dirty tricks.

by Agustino Fontevecchia

Face mask row gets bawdy in Bolsonaro's Brazil

12-03-2021 01:45 A roiling row over face masks in President Jair Bolsonaro's Brazil veers into not-safe-for-work territory.

Lázaro Báez sentenced to 12 years in jail for money-laundering

24-02-2021 17:49 Businessman Lázaro Báez, at the centre of a corruption probe involving ex-presidents Cristina Fernández de Kirchner and Néstor Kirchner, was sentenced to 12 years in jail Wednesday on money-laundering charges

Consumers predict inflation will hit 45% this year

30-01-2021 08:00 New survey reveals consumers expect prices to soar over next year; International Monetary Fund cuts Argentina’s growth forecast for 2021, predicting 4.5% rise in GDP this year.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Brazilian senator caught hiding money 'between buttocks'

15-10-2020 19:38 A Brazilian lawmaker has stepped down from his position representing President Jair Bolsonaro’s government and been suspended from the Senate, after police searched his house and found allegedly illegally obtained cash hidden in his underwear.

Brazil's Lula faces new charge of money-laundering

15-09-2020 08:24 Prosecutors in sprawling 'Lava Jato' corruption investigation charge former president with money-laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case.

With a track record of disasters, Argentina and IMF think small

12-09-2020 10:36 It’s only two years since the IMF broke its own credit records by offering Argentina US$57 billion. Now, talks over a new financing programme are beginning anew.