Argentina
Argentina pays workers in bonds
ARGENTINA - As Argentina's talks with the International Monetary Fund (IMF) drag on - with still no word on whether the country will get a much-needed aid package - the situation at home is getting worse.
Cavallo aide pleads for patience on IMF
ARGENTINA - Market expectations on the speed of talks between Argentina and the International Monetary Fund on an expected multibillion-dollar aid package are "a bit exaggerated," an aide to Economy Minister Domingo Cavallo told local radio on 16 August.
Bush keeps 'open mind' on Argentina
US - Talks between Argentina, the International Monetary Fund (IMF) and the US Treasury continued on 13 August, as the country sought extra money to help ease its financial crisis.
Argentine contagion has not spread far says IMF
ARGENTINA - Financial distress in Argentina and Turkey has failed to spread to emerging markets in general despite a bleak outlook for investors, according to the International Monetary Fund, reports the Financial Times, London, 9 August.
Argentina's int'l reserves fall another 2.2%
ARGENTINA - Argentina's international reserves fell by 2.2% between 1 August and 2, according to latest data issued by the country's central bank.
Argentina looks to $6bn IMF loan
ARGENTINA - Argentine officials are confident of winning support for a new loan of $6bn or more from the International Monetary Fund to help the country contain the crisis of confidence engulfing its economy.
Argentina's Blejer to become central bank VP
ARGENTINA - Mario Blejer, a former International Monetary Fund economist and top aide to Economy Minister Domingo Cavallo, will become vice president of the country's Central Bank, an official at the monetary authority confirmed on 2 August.
Emerging markets - round up the usual suspects
CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect…
Argentina softens economic reforms
ARGENTINA - The Argentine government is to soften its belt-tightening economic reforms after two days of crippling strikes and protests.
IMF Fischer stresses Turkey econ program on track
US - The International Monetary Fund signalled the beginning of a new public relations campaign to relieve market pressure on Turkey 13 July, with the Fund's second-ranked executive declaring investors aren't giving Ankara enough credit for the reforms…
Brazil currency weaker as Argentina worries
BRAZIL - Brazil's currency weakened by about 1.7 percent by noon 10 July as concern over Argentina and its attempts to sell new debt undercut attempts by the Central Bank to prop up the embattled real.
IMF - Quiet caution for Argentina's currency shift
ARTICLE - Centralbanknet's report on the IMF's Stanley Fischer who has visited Argentina. He has warned that the planned Argentine currency move may set a worrying precedent.
History shows multiple currencies breed corruption
ARGENTINA - History suggests that multiple currency regimes like Argentina's two-tiered foreign exchange system distort economic activity, invite corruption and in some cases can cause mass amounts of foreign reserves to vanish overnight.
Argentina links to euro
ARGENTINA - The Argentine Senate has approved a new law that will fix its currency to the euro as well as to the dollar.
Argentina's new measures to combat recession
ARGENTINA - Argentina is preparing to implement it's latest package of measures aimed at wresting the country out of a three-year recession and staving off a potential debt default.
Argentina's Senate approves new bank chief
ARGENTINA - Argentina's Senate voted late on 23 May to approve the appointment of Roque Maccarone as new president of the Central Bank.
Argentine plan approved by finance leaders
ARGENTINA - Argentina's Economy Minister Domingo Cavallo was in Washington over the weekend of 28-29 Apr to attend the Spring meetings of the International Monetary Fund and World Bank. He outlined what he proposes to do to put Argentina back on track to…
Maccarone likely to replace Pou
ARGENTINA - A congress committee has recommended that Argentine president Fernando de la Rua fires Pedro Pou, president of Argentina's central bank. Banker Roque Maccarone is tipped as his replacement.
Cavallo accuses cbank chief of sowing chaos
ARGENTINA - Argentine Economy Minister Domingo Cavallo on Apr 23 accused Central Bank chief Pedro Pou of trying to create chaos to divert attention from his own problems.
Argentina impact on Mexico not significant-Ortiz
MEXICO - Mexico's economy is not being significantly hurt by the turmoil gripping Argentina's financial markets, Banco de Mexico Governor Guillermo Ortiz said on Apr 23.
Argentina Cavallo to recommend removing Pou-papers
ARGENTINA -Economy Minister Domingo Cavallo will recommend the firing of Central Bank President Pedro Pou, local newspapers reported on Apr 22.
Cavallo tries to ease fears over peso re-peg plan
ARGENTINA - Argentine economy supremo Domingo Cavallo is talking to Brazilian business leaders and investors on Apr 18 to try to soothe fears over his new currency plan that unnerved Brazilian markets.
Argentine cbank chief hopes to stay through 2004
ARGENTINA - Argentina's Central Bank President Pedro Pou on Apr 16 denied market rumors that he planned to heed calls that he resign amid allegations that he turned a blind eye to money laundering.
Argentina bond can count as bank reserves-cbank
ARGENTINA - Argentina's central bank said on Apr 9 it would allow banks to count investments in a new government bond as part of their minimum reserve requirements.