Argentina
Argentina defaults on $3 Billion IMF debt
Argentina defaulted on its IMF debt on Tuesday 9 September, according to a Reuters report. The Cabinet Chief's office said "To avoid compromising 25 percent of (central bank) reserves, the government has decided to suspend the payment that was due today".
24 hours to a deal - Argentina wrestles with IMF
On Monday 8 September, Argentina and the IMF were finalising a deal that will see the South American country avoid a fresh default, according to the BBC. If an agreement is not reached within 24 hours, Argentina will be forced into a damaging $2.9bn (£1…
One week for a deal as IMF team lands in Argentina
An IMF team arrived in Argentina Tuesday with a week to finalise a loan deal and avoid a damaging default, Reuters said. The IMF so far has been unable to convince Argentina to implement unpopular policies the fund says are necessary for a full recovery.
Argentine congress approves central bank law
Argentina's Congress approved a law Wednesday night to increase central bank autonomy. Under the law, approved by a vote of 112-41 Bloomberg reported, the central bank will be allowed to temporarily advance the government funds in order to make debt…
Argentina's Lavagna sees draft IMF deal this week
Speaking last week on the three-year loan pact to replace a $6.8 billion IMF emergency agreement that expires on 31 August, Argentine Economy Minister Roberto Lavagna told reporters "The IMF is now working in Buenos Aires and probably we'll have…
IMF urges Argentine reforms but approves loan
IMF managing director Horst Koehler has said Argentina comfortably met its fiscal and monetary targets as the final tranche in the $3bn (£1.8bn) aid package was approved, according to a BBC report.
Argentina's GDP could grow 5.9%, Prat-Gay says
Argentina's central bank President Alfonso Prat-Gay told a Senate committee there is a recovery of internal demand and an incipient recovery in consumption and that the Argentine economy may expand as much as 5.9 percent this year, Bloomberg reported.
Argentine Lavagna takes over FSRU bank 'hospital'
Argentina's Financial System Restructuring Unit, known as the bank "hospital", will be controlled by Argentina's economy minister Roberto Lavagna, according to la nacion. The move will ensure that any future restructuring of the financial system will be…
Koehler : IMF to seek new accord with Argentina
IMF chief Horst Koehler has said the Fund will start negotiations over a new aid accord with Argentina. Speaking to reporters in Buenos Aires he said the agreement would seek to restore Argentina's financial institutions, according to a Bloomberg report.
Argentina to bar provinces from emitting scrip
The Argentine senate is likely to approve a law barring the provinces from producing quasi- currencies as required by the IMF under the loan accord, according to Bloomberg. The proposed law makes the central bank the only entity permitted to produce…
Argentina c bank on track to target '04 inflation
The president of the central bank of Argentina has said the country should be ready to start inflation targeting in 2004, according to Reuters. Alfonso Prat Gay told a conference it would help Argentina to return to being a normal country.
Argentina begins banking reform moves
An IMF mission was due to arrive in Argentina on Tuesday 3 June as Congress start discussion on the financial reform bill. The most important aspect of the bill, according to a report in the Financial Times, is that it grants central bank directors…
Argentine c banker: priorities for new president
The head of Argentina's central bank Alfonso Prat Gay said on Thursday 1 May that the new president of Argentina, to be elected this month, should put sustainable growth at the top of the agenda and establish a long-term IMF deal and debt restructure,…
Argentine peso dips amid monetary expansion talk
The Argentine peso has suffered amid slack demand for the U.S. currency as local investors have taken advantage of high interest rates of up to 25 percent offered on deposits, according to a report from Reuters.
Argentine gov't to withdraw quasi-currencies
An agreement reached on Thursday 10 April means that nine of the ten issues of quasi currencies can be removed from the system in Argentina, Associated Press said. The move which came during the currency crisis in the South American nation complicated…
Former Argentine central bank chief Maccarone dies
Roque Maccarone, who was president of the central bank of Argentina from May 2001 to January 2002, has died at the age of 70, Associated Press reports.
IMF role in Argentina to be investigated by panel
An International Monetary Fund panel will examine whether the IMF should have done more to prevent Argentina's economic collapse, the first time the independent board will review the fund's handling of a single country.
IMF Press Release
PRESS RELEASE - IMF Approves Transitional Stand-By Credit Support for Argentina, 24 January.
IMF Press Release
PRESS RELEASE - IMF Managing Director Issues Statement on Transitional Credit Support for Argentina, 17 January.
Argentina clinches IMF debt rollover deal
Argentina clinched a watershed debt rollover deal with the International Monetary Fund (IMF) on Thursday after a year of tortuous negotiations, gaining breathing space to find a way out of its worst ever financial crisis.
Argentina defaults on IADB loan
Argentina said on Wednesday it could not repay a loan to the Inter-American Development Bank on time, adding the Washington-based multilateral lender to the growing list of institutions to which it has defaulted.
IMF Press Release
PRESS RELEASE - Argentina: Press Statement following Article IV Consultation, 8 January.
Argentina agrees IMF plan
Argentina has taken a crucial step towards securing further loans for its troubled economy by accepting an outline proposal from the International Monetary Fund (IMF).
Argentina complies with IMF currency restrictions
Argentina's central bank on Tuesday night fully lifted all currency market controls with the dual goal of maintaining the current price of the dollar and complying with the demands of the International Monetary Fund.