Argentina
Argentina sells bonds to Venezuela
Argentina sold $496 million in bonds to Venezuela to help boost its international reserves as it prepares to pay back the $9.8 billion it owes the International Monetary Fund.
Comment: Latin America spurns the Fund
Last week Brazil and Argentina surprised the international community by announcing that they both intend paying off all of their outstanding debt to the IMF before the end of the year.
Argentina plans full IMF debt repayment
Argentina has said it will pay back its entire $9.8 billion debt to the International Monetary Fund, ending 22-year-old links with the lender.
Argentine economy minister forced to resign
Roberto Lavagna was forced to resign this week as Argentina's economy minister, raising doubts over the sustainability of the country's economic recovery.
Argentina explains: Why gold?
According to this article published on Tuesday 4 October, suggestions that the Central Bank of Argentina, along with other South American nations, might increase its gold holdings has now become a realistic scenario.
Central Bank of Argentina - a changed view on gold
This article published Monday 19 September says the Central Bank of Argentina has now changed its philosophy and was a purchaser of gold during 2004 as it reshaped its portfolio and may consider taking more in the future along with other Latin American…
Comment: Gold stages a comeback
With the gold price hitting 18-year highs, it is about time there was serious re-thinking among central bankers with regards to holding gold as a part of their reserve portfolios.
Argentina mulls increasing gold reserves
Argentina's central bank may increase its gold reserves as a hedge against inflation and to protect it against financial crises, according to Juan Ignacio Basco, the bank's head of market operations.
Argentina's central bank deputy dismissed
Argentine President Nestor Kirchner has removed central bank vice-president Ricardo Branda from office. Branda is under formal investigation for alleged corruption.
Unfinished business on sovereign debt
Contractual innovations have solved some of the problems in restructuring sovereign debt, but others remain – notably the role of the IMF. Report by Paul Brione.
Interview: Martín Redrado
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains the central bank’s president.
Statement by IMF MD Rodrigo de Rato on Argentina
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Wednesday regarding a new economic program with Argentina.
Redrado says Argentina needs to reach IMF deal
Argentina's central bank governor Martin Redrado said on Sunday 26 June that it is important for the country to reach a loan accord with the International Monetary Fund to repay debt.
Argentina's Redrado calls for fiscal prudence
Argentina's central bank president Martin Redrado called for fiscal prudence in the coming quarter to ensure inflation does not exceed 8 percent this year.
Debt restructuring code adopted by G20
German Finance Minister Hans Eichel confirmed on Sunday 21 November that the G20, excluding Argentina, had adopted a set of rules on sovereign debt restructuring in Berlin at the G20's annual meeting.
Argentina passes financial system reform package
Argentine central bank president Martin Redrado and four local banking associations, ABA, ADEBA, ABAPPRA and ABE have approved a new banking sector reform package called Compensacion Federal Uniforme, the central bank said in a statement.
Argentina's Redrado on cb's 6-yr goals
In a speech on 'Central Bank of Argentina's key mission for the next six years' given on 5 October, Martin Redrado of the Central Bank of Argentina said our goals are to consolidate price stability and restore the peso's role and value. Create a…
Report says Argentina to relax forex controls
The Argentine central bank will try gradually to lift controls imposed on foreign exchange transactions, daily La Nacion reported, without naming sources.
Inaugural speech by Argentina's Redrado
In a speech to his staff on 24 September, the new Governor of the Central Bank of Argentina, Martin Redrado, said he aims at creating and developing new challenges. He said his goals include consolidating the value of the peso as a clear value reserve…
Euromoney award goes to Argentina's Prat-Gay
At the IMF/World Bank meetings in Washington on October 3, Euromoney will present its central bank governor of the year award for 2004 to Alfonso Prat-Gay of Argentina. Request a free trial to view this article from Euromoney's September issue.
Argentina's repayment dates to IMF extended by 1yr
Argentina's debt repayment dates to the International Monetary Fund were extended by a year on Friday, the agency said.
Argentine protesters at IMF storm cb building
About 400 protesters waving banners marched into the main entrance of the central bank of Argentina in Buenos Aires last week, calling for President Nestor Kirchner to end relations with the International Monetary Fund.
IMF's Rato to visit Argentina
Rodrigo Rato, the managing director of the International Monetary Fund, was due in Buenos Aires on Tuesday for talks on Argentina's financial situation.
Argentina to honour IMF debts
Argentina will honour its multi-billion dollar debts to the IMF to the end of the year despite an impasse in loan negotiations, Cabinet Chief Alberto Fernandez said Monday.