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Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990. [1] It was put in place following a 3079,5% hyperinflation in 1989, [2] as heterodox stabilization programs failed. [3] US$3 billion worth of the public's deposits were converted to "Bonex 89" bonds to be repaid ...
Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country's ability to pay ...
The Central Bank of the Argentine Republic (Spanish: Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity.. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability ...
Argentina's international bonds rose on Friday but remain near historic lows after President Alberto Fernandez's launched a "superministry" designed to coordinate economic policy, though analysts ...
Argentina bond prices sunk to record lows on Monday, weighed down by default fears linked to a wider emerging market sell-off, spiraling inflation pushing up interest rates and the prospect of a ...
For Fitch, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. [103] Fitch Ratings typically does not assign outlooks to sovereign ratings below B− (CCC and lower) or modifiers.
Argentina's bond markets rallied in early trading on Monday after the country's Peronist government suffered a bruising result in primary elections over the weekend. Argentina's main opposition ...