Argentina
Argentine central banker admits contagion effect
ARGENTINA - Aldo Pignanelli, the president of the Argentine Central Bank (BCRA), said Friday that the Argentine crisis, which has been dubbed the "tango effect", has spread to Brazil and Uruguay, adding that the local banking and foreign exchange system…
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Welcomes Independent Advisors' Report on Argentina, 29 July.
Economic and Financial Issues facing Argentina
NEWS BRIEF - Report to the Government of Argentina and the International Monetary Fund by a Panel of Independent Advisers, 29 July.
Argentine minister welcomes report
ARGENTINA - Economy Minister Roberto Lavagna said he welcomed the backing of a group of international experts for Argentina's strategy in dealing with its crushing recession.
Speech by Anne Krueger, Dep MD of the IMF, 17 July
SPEECH - In a speech titled 'Crisis Prevention and Resolution: Lessons from Argentina' Krueger said "We have seen some welcome progress in key policy areas, including satisfactory amendments to the insolvency law and the repeal of the economic subversion…
IMF-experts: Argentina crisis bottoming out
ARGENTINA - The four monetary experts chosen by the IMF believe Argentina may have touched bottom after four years of recession and see potential for an export-led recovery, an official briefed on the talks said on Thursday.
Sources challenge role of IMF led Argentina panel
ARGENTINA - Insiders close to the talks currently being held suggest the real purpose of the panel of wise men picked by the IMF to help Argentina is not to give economic advice but rather to decide how to allocate the huge losses incurred by Argentina's…
Argentine rescue
FEATURE - Next week, four wise men are off to Buenos Aires. Their mission is to help Argentina's government and the International Monetary Fund to reach agreement on a programme of economic recovery. If they are to succeed, they must inject a sense of…
IMF Extends Argentina's SRF Repayment by One Year
PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 15 July.
Think tank recommends orderly change in Argentina
ARGENTINA - Argentine authorities must take care to avoid a chaotic and unpredictable restructuring of the country's fragile financial system, local economic think-tank Fundacion Capital (FC) said in a report on the financial system.
Argentina overcomes debt hurdle for now
ARGENTINA - Argentina has won a year's extension on the repayment of a key loan from the International Monetary Fund.
IMF mission to Argentina seeks account access bar
ARGENTINA - The IMF will hold up disbursement of 9.5 bln usd in aid unless the government denies bank depositors any access to their accounts, government officials said after a federal judge found the ban unconstitutional.
Argentine c banks Pignanelli denies conflict
ARGENTINA - The central bank's new chairman, Aldo Pignanelli, denied that the central bank is at loggerheads with Economy Minister Roberto Lavagna.
Argentina 'will not force savings swap'
ARGENTINA - Thousands of savers in Argentina will not be forced to swap their bank deposits for government bonds, the country's president has said.
Argentina to make payment on IMF debt Thursday
ARGENTINA - Argentina will today make a scheduled 52 mln US$ payment on its IMF debt, said central bank chairman Aldo Pignanelli.
Argentina central bank sees 11 bln pesos leaving
ARGENTINA - The central bank said it expects 11 bln pesos to be withdrawn from the Argentine financial system in the second half of 2002, daily newspaper Clarin reported.
International Monetary Fund News Brief
NEWS BRIEF - IMF's Kohler Welcomes Progress in Talks with Argentina, 28 June.
Duhalde seeks faster deal with IMF for Argentina
ARGENTINA - Argentine President Eduardo Duhalde expressed his impatience on Saturday at the slow pace of debt relief talks with the IMF, as his top negotiator ruled out further reforms to monetary policy.
Argentine central bank may issue up to 7 bln pesos
ARGENTINA - The central bank's new chairman, Aldo Pignanelli, has drafted a new monetary plan under which the central bank will issue up to 7 bln pesos to rescue commercial banks experiencing liquidity problems, newspaper Clarin reported.
Aldo Pignanelli named new Argentine cb president
ARGENTINA - Argentina's President Eduardo Duhalde has appointed central bank vice-president Aldo Pignanelli as chairman of the bank after Mario Blejer resigned on Friday, the government said in a statement. Pignanelli has been vice-president since March…
Argentine central bank chief steps down from post
ARGENTINA - Mario Blejer, Argentina's central bank chief, resigned on Friday, raising fears that the country could be poised for a return to hyperinflation.
Figures show Argentina's economy shrinking
ARGENTINA - Argentina's economy shrank 16% during the first three months of this year the government has revealed, plunging the country ever deeper into a recession that has now lasted for three-and-a-half years.
Argentina to offer bonds for savings
ARGENTINA - Thousands of savers in Argentina have been given a month to decide if they want to swap their bank deposits for government bonds.
Argentina pledges not to use reserves to repay IMF
ARGENTINA - Economy minister Roberto Lavagna has assured the IMF technical mission currently visiting the country that central bank reserves will not be used to pay back loans from the IMF and the Inter-American Development Bank which are due to mature…