News of third review

IMF confirms progress in Argentina programme talks

09-05-2023 10:34 International Monetary Fund spokesperson says talks with Argentina over a reformulation of its record credit programme amid historic drought are “progressing in a constructive manner.”

DEBT PROGRAMME IN DOUBT?

Argentina and IMF go back to drawing board on debt deal

27-04-2023 23:04 As an exchange rate crisis ravages the strength of the peso, spokespeople from the International Monetary Fund and the government confirm that “constructive” talks are underway to redraw terms of Argentina’s US$44.5-billion debt programme.

IMF DEBT PROGRAMME

Kirchnerites ramp up pressure ahead of IMF talks

20-04-2023 18:22 Argentina and the IMF agree to renegotiate US$44-billion programme amid concerns over impact of drought; Interior Minister Eduardo de Pedro slams deal for creating “vicious inflationary circle” and says “everything has to be re-discussed.”

IMF REVIEW

IMF makes concession, trims Argentina’s reserves target

04-04-2023 16:18 International Monetary Fund grants government request and decides to trim annual reserves accumulation target by US$1.8 billion, acknowledging impact of drought on foreign currency inflows.

IMF DEBT PROGRAMME

IMF calls for ‘stronger policy package’ from Argentina

02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.

IMF DEBT PROGRAMME

IMF board approves US$5.3-billion loan disbursement for Argentina

31-03-2023 19:48 International Monetary Fund’s executive board on Friday approved a US$5.3-billion disbursement to Argentina, a key step forward in the government’s programme that’s faced setbacks amid a worsening economic outlook.

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 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.

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.

AND THAT REMINDS ME…

'Argentina, 1985' revisited

03-12-2022 05:49

by Michael Soltys

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.

IMF DEBT DEAL

IMF board approves review, frees up additional US$3.8 billion in funds

08-10-2022 10:17 International Monetary Fund's board approves a new loan tranche of US$3.8 billion to Argentina; Government granted two waivers.

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.

IMF QUARTERLY REVIEW

Next round of IMF talks complicated by weak reserves

26-08-2022 11:09 In September, Argentina will sit down with the IMF to discuss the objectives pledged for the second half of the year. Two variables will be under the microscope: inflation and the Central Bank’s level of dollar support. The technocrats responding to Kristalina Georgieva will not accept creative accountancy. Agreements with foreign banks to beef up reserves are on the cards.

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.

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.

BOOK REVIEW

The English (non-indicted) witness

21-05-2022 06:00 El Testigo Inglés, Luces y sombras del Buenos Aires Herald (1876-2017), by Sebastián Lacunza; Paidós, 2021, 632 pages.

by Michael Soltys

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.”

2021: THE YEAR IN REVIEW

2021: The year that was

31-12-2021 13:44 Covid-19 dominates another year, with the the global vaccine race illustrating the very best and worst of humanity. Aside from coronavirus (a crucial factor in the ‘VIP vaccine’ and ‘Olivosgate’ political scandals), the death of former president Carlos Menem, rising prices and poverty, trigger-happy policing, IMF debt talks and key elections across the region steal the show – including Argentina’s PASO primaries and midterms, which reshape the political landscape. This is 2021: the year that was.

by Michael Soltys

2021: YEAR IN REVIEW

2021: The world that was – events that marked a tumultuous year

31-12-2021 13:18 From the Covid pandemic to the Taliban takeover of Afghanistan and extreme weather, here’s a look look back at 2021’s key global events.

2021: YEAR IN REVIEW

Adieu Prince Philip and Desmond Tutu: 2021's notable deaths

31-12-2021 13:14 From Britain's Prince Philip to Nobel Peace Prize laureate Desmond Tutu, here are some of the most notable deaths of 2021.

2021: THE YEAR IN REVIEW

Heat, gas and NFTs: 2021's biggest records

31-12-2021 13:11 From sizzling temperatures to Messi and Ronaldo and pensioners in space, here are some of the most significant records struck in 2021.

Guest voice

The case for streamlining Congress

16-10-2021 00:01 Streamlining Congress would establish criteria of austerity, meritocracy and transparency in the use of human resources, but has not been considered for the past two decades.

by Gabriel C. Salvia