Latest articles from Argentina

A lack of lenders

February 6, 2006

Argentine companies are yet to enjoy the benefits of the country’s economic upturn as banks are wary of lending. This may change with the launch of an SME stock market, while bigger enterprises are turning to foreign debt. By Jason Mitchell in Buenos Aires.

Investment grade in reach?

November 7, 2005

Argentina’s economic revival is building confidence in its ability to clinch investment grade in a few years’ time. Jason Mitchell reports from Buenos Aires.

Banco Hipotecario under suspicion over bonuses

September 5, 2005

Argentina’s National Securities Commission (NSC) has launched an official investigation into 30.9m pesos ($11.3m) of bonus payments made in 2005 to directors of Banco Hipotecario, one of the main mortgage lenders in the country.

Argentina attempts to stem speculative inflows

August 1, 2005

The argentine authorities are introducing capital controls on speculative inflows even though Chile abolished its controls in 2001 amid controversy over their effect.

Legal drama unravels debt exchange scheme

June 6, 2005

Argentina’s debt exchange plan is in limbo after a court froze Argentine assets on US soil, including $7bn worth of bonds. Sophie Roëll reports from New York.

Argentina’s record debt swap may not be over yet

April 4, 2005

ARGENTINA could re-open its debt exchange to the 24% of investors who rejected it, once the country’s Congressional elections in October are over.

Argentina faces long and slow haul to recovery

January 3, 2005

Argentina’s recovery from its debt default is likely to be slow and investors’ lack of confidence over contractual law is not helping. Jason Mitchell reports from Buenos Aires.
Argentina will probably reach an accord with its international creditors next year but is likely to suffer the consequences of its debt default for many years as investment flows stall, productivity falls behind competitor countries and interest rates remain high, which will hamper growth.

Bondholders fight back

August 2, 2004

Two and a half years after Argentina’s debt default, creditors are up in arms over the country’s offer to pay back only a quarter of the Ł82bn it owes. But the government has so far refused to budge. Sophie Roell reports.
It’s not a promising sign in any negotiations when one party is not willing to talk to the other and both sides seem as unreasonable as each other. Furious with the paltry amount the Argentine government is offering for the $82bn in debt it defaulted on in December 2001, the Global Committee of Argentina Bondholders (GCAB), grouping together holders of about $37bn in debt, is fighting back with its own idea of a fair settlement.

Investors search for stability overseas

May 3, 2004

Local asset managers in Argentina may be suffering but foreign firms are benefiting. Jason Mitchell reports from Buenos Aires.

When negotiations turn into blackmail

April 5, 2004

Argentina’s negotiating strategy of threatening to default on its loans to get its own way has underlined the case for greater IMF independence.

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