ENERGY & GAS 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.
STATE ENERGY FIRM Burford seeks Argentina’s YPF stake to pay US$16-billion award 22-04-2024 20:29 Burford Capital asks US judge to grant it controlling 51% stake in YPF as part of its effort to collect on a US$16-billion court judegment.
YPF RULING 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.
IMF DEBT PROGRAMME IMF to postpone Argentina review to give Milei more time 31-01-2024 12:28 Troubled nation’s quarterly review, scheduled for September, will move to November, according to Reuters. If confirmed, it would give the government greater scope to implement economic changes and potentially negotiate a new programme.
ypf nationalisation case 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.
ypf nationalisation case 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.
BLOOMBERG - ANALYSIS Perpetual bonds unlikely to be the answer in YPF case 28-12-2023 00:35 Javier Milei’s suggestion that Argentina could issue debt to comply with a US$16-billion lawsuit award related to the nationalisation of oil company YPF has met with scepticism from investors.
US COURTS 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.
Bloomberg Argentina’s utility bondholders are still waiting for payment 11-11-2023 08:02 Some bondholders of Argentina’s state-owned water utility are still awaiting their money more than a week after a debt payment deadline passed.
IMF Argentina pays US$840 million in interest to IMF 06-11-2023 15:41 After dealing a debt maturity with the IMF in the amount of US$2.6 billion last week, Argentina will now cancel a further US$840 million in quarterly interest with the multilateral lender.
IMF DEBT DEAL 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.
IMF DEBT PROGRAMME Argentina makes US$2.6-billion IMF payment as reserves drop 01-11-2023 12:16 Government complies with US$2.6-billion maturity, taking reserves to razor-thin levels.
YPF RULING Government says US$16-billion US judgment is 20% of its budget 28-09-2023 21:12 Argentina said it wants to delay paying a US$16-billion court judgment over its 2012 expropriation of oil company YPF SA.
YPF COURT CASE Burford seeks to begin collecting US$16-billion Argentina judgment 25-09-2023 21:21 Litigation funder, which acquired claims of YPF ex-shareholders in 2015, seek permission from court begin collection efforts to satisfy a US$16-billion judgment over firm's expropriation, saying it is clear that Argentina had “no intention” of paying up.
STATE ENERGY FIRM US judge orders Argentina to pay US$16.1 billion for YPF expropriation 16-09-2023 08:01 US federal judge Loretta Preska says government must pay nearly US$16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalisation of the YPF oil giant; Argentina vows to appeal ruling.
MASSA IN WASHINGTON Argentina says IMF to allow currency intervention to hold range 23-08-2023 22:42 IMF to allow Argentina to intervene in currency markets if peso drifts above or beyond a certain range, says Economy Minister Sergio Massa.
IMF DEBT PROGRAMME IMF board approves US$7.5-billion disbursement for Argentina 23-08-2023 14:46 Spokesperson for Economy Minister Sergio Massa says IMF's executive board has approved release of US$7.5 billion in funds to Argentina.
THIRST FOR DOLLARS Inflation at 100% has Argentines demanding pay in US dollars 23-08-2023 14:12 The use of the dollar, while hardly new in Argentina, is exploding across the country today as inflation soars and destroys the value of the peso.
IMF DEBT DEAL Government makes IMF loan repayment partly with yuan 01-07-2023 08:36 Short on dollars, President Alberto Fernández's government has made a US$2.7-billion loan repayment to the International Monetary Fund partly using Chinese yuan.
IMF DEBT DEAL Argentina pays IMF as negotiations to continue in Washington 30-06-2023 21:44 Government makes two payments owed to the International Monetary Fund before a Friday deadline; Senior officials Leonardo Madcur and Gabriel Rubinstein to hold discussions over a new staff-level agreement next week in Washington.
IMF DEBT Argentina to pay US$2.7 billion as IMF negotiations continue 29-06-2023 18:22 Government set to make payment due in June to the International Monetary Fund. In order to avoid a further dollar haemorrhage, payment will be made in part in Chinese currency, with the rest from unused Special Drawing Rights.
DEBT INTERVENTION Córdoba to meet debt payment after court blocks capital controls 07-06-2023 17:38 Argentina's Córdoba Province to meet debt payment after a court blocked government's latest capital controls.
IMF DEBT TALKS IMF ‘evaluating’ new government measures as talks continue 18-05-2023 20:41 International Monetary Fund says they are still "evaluating the measures" announced this week by Argentina’s government, as negotiations over changes to the country’s multi-billion-dollar credit-line advance.
IMF DEBT PROGRAMME Argentina and IMF to rework US$44-billion deal as drought hits economy 15-04-2023 12:48 Argentina and the International Monetary Fund are going back to the drawing board again over US$44-billion programme as concerns increase that record drought will push the country into recession.
DEBT DEAL ‘Severe drought harming Argentina’s population,’ admits IMF chief 13-04-2023 18:09 Brazil’s President Lula claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme.
POLITICS Government offers food bonus to destitute as price crisis bites 20-10-2022 23:32 Sergio Massa, Fernanda Raverta confirm adults without income will be eligible for 45,000-peso bonus to help meet nutritional needs amid deepening inflation crisis.