Argentina
IMF mission arrives in Argentina
ARGENTINA - An International Monetary Fund mission landed in Argentina on Thursday to discuss the possibility of resuming billions of dollars in credit after a six-month freeze, which could open the door to other aid sources and help stop contagion to…
Argentina and IMF talks on loans to begin at last
USA - Argentina and the International Monetary Fund will begin talks next week on new loans to revive the economy. IMF spokesman Thomas Dawson remarked on Argentina's "substantial progress" in meeting conditions for the new talks, saying they "have been…
Blejer considers resignation after IMF agreement
ARGENTINA - Argentina's central bank president Mario Blejer is considering resigning once he designs a new monetary programme, implements a plan to convert deposits into bonds and helps obtain a loan from the International Monetary Fund, according to a…
Argentina scraps key economic law
ARGENTINA - Argentine senators have ditched a controversial law that has been putting off international lenders. The IMF has made abolition of Argentina's so-called economic subversion law a condition for lending to the cash-strapped nation to restart.
Argentina debates economic law change
ARGENTINA - Argentine senators are due to discuss whether to repeal a controversial law which has been putting off international lenders on Thursday.
Argentina's governors support Duhalde
ARGENTINA - Argentina's president won backing Monday from powerful provincial governors for his attempts to obtain an international bailout package to pull Argentina out of financial crisis. But, he warned, "time is running out."
Argentina taking steps for IMF accord - President
ARGENTINA - An accord between the Argentine government and its provinces will be signed within the next 10 days paving the way for an agreement with the International Monetary Fund, Argentine President Eduardo Duhalde said in an interview published on…
Aznar urges Argentina to bite IMF bullet
SPAIN - Spain's prime minister bluntly urged debt-strapped Argentina on Friday to take "painful decisions" and secure a deal with the International Monetary Fund as fast as possible.
Argentina central bank denies chairman to resign
ARGENTINA - The central bank has dismissed rumours that the resignation of its chairman, Mario Blejer, was imminent.
Argentina central bank chief 'may resign' rumour
ARGENTINA - Rumours that Central Bank Chairman Mario Blejer is considering stepping down were circulating among banks yesterday, newspaper Clarin reported.
Unpublished IMF letter to the Wall Street Journal
LETTER - A letter by Thomas Dawson, Director of the IMF's External Relations Department, concerning the IMF's policy on Argentina. The Wall Street Journal declined to publish it.
Argentina's central bank raises dollar sell rate
ARGENTINA - The central bank has raised the dollar sell rate to 3.24 pesos from 3.19 pesos.
Argentina pays down 680 mln US$ World Bank debt
ARGENTINA - The government paid down yesterday a 680 mln US$ instalment on a World Bank loan from central bank reserves, the economy minister Roberto Lavagna, said.
Argentina fears new bank closures
ARGENTINA - Argentina's economy minister moved Sunday to soothe fears that the country's banks were too unstable to open, saying "the financial system is working solidly."
Argentina's central bank to intervene in for-ex
ARGENTINA - Argentina's central bank will intervene on the foreign exchange market "firmly" from today to stem the fall of the peso against the dollar, Argentinean newspaper Clarin reported, citing a senior central bank source.
Argentine inflation soars
ARGENTINA - Argentine prices have risen 20% so far this year following the devaluation of the country's currency the peso, officials have said.
Argentina's banks re-open to chaotic scenes
ARGENTINA - Argentina's banks and financial markets reopened on Monday after a 10-day emergency shutdown.
Fraga sees crisis in Argentina as "worrying"
BRAZIL - Central Bank chairman Arminio Fraga said on Friday that the crisis in neighboring Argentina is "extremely worrying". He compared Argentina to Brazil, stating the former has yet to restructure its state finances, which he said was carried out…
Argentine Peso will not be fixed, says Lavagna
ARGENTINA - Argentina's banks and exchange markets will open today for the first time in nine days, as the new economy minister, Roberto Lavagna, attempts to calm fears of a wholesale collapse of the financial system.
Argentina appoints new economy chief
ARGENTINA - Argentina's President Eduardo Duhalde has named the free market economist Roberto Lavagna as his new economy minister.
Argentina tightens banking freeze
ARGENTINA - Argentina's Congress has passed a law aimed at rescuing the country's banks by making it more difficult for savers to withdraw their cash.
Economy minister quits amid crisis in Argentina
ARGENTINA - Argentina's economy minister resigned from office yesterday, throwing the country's economic course into question and the government into fresh disarray.
Argentina's president vows to continue reforms
ARGENTINA - Eduardo Duhalde, president of crisis-hit Argentina, has vowed to push ahead with economic reforms - but on his own terms.
Argentina "very close" to IMF accord - Report
ARGENTINA - Argentina's economy will shrink even further this year, the International Monetary Fund has warned.