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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 ...
In 2006, Argentina re-entered international debt markets selling US$500 million of its Bonar V five-year dollar denominated bonds, with a yield of 8.36%, mostly to foreign banks, and Moody's boosted Argentina's debt rating from B− to B. [152] In early 2007 the administration began interfering with inflation estimates. [clarification needed] [153]
The Patacón (officially called Letra de Tesorería para Cancelación de Obligaciones de la Provincia de Buenos Aires) was a bond issued by the government of the province of Buenos Aires, Argentina, during 2001.
(Bloomberg) -- Argentina’s move to delay a $1.4 billion local bond payment this week hardly made a ripple in the broader world of global investing, with most outsiders seeing it as a sideshow ...
Argentina said on Tuesday it would launch a voluntary debt swap for some 1.5 trillion Argentine pesos ($9.4 billion) of payments coming due as it looks to ease a year-end repayment crunch and ...
Argentina is closing a year of "endless storms," in the words of President Mauricio Macri. Here are some of the key events in Argentina's very bad year. Jan. 23: Argentina posts $8.5 billion trade ...
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 ...
The foreign currency reserves of the Central Bank stood at nearly $25,000 million in December 1999, or over 9 months of imports. However, these reserves were used to back the monetary liabilities of the Central Bank and were not available for conducting monetary policy ; by the terms of the Convertibility Law , each Argentine peso in ...