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Adam Jourdan

Argentina unveils ambitious post-crisis budget with 5.5% economic rebound in 2021

16 Sep 2020

BUENOS AIRES Argentina's government is working towards a fiscal deficit of 4.5% of gross domestic product in 2021 and an economic rebound of 5.5%, according to a draft budget sent to Congress on Tuesday, ambitious goals as the country battles recession.

UPDATE 2-Argentina unveils ambitious post-crisis budget with 5.5% economic rebound in 2021

16 Sep 2020

BUENOS AIRES, Sept 15 Argentina's government is working towards a fiscal deficit of 4.5% of gross domestic product in 2021 and an economic rebound of 5.5%, according to a draft budget sent to Congress on Tuesday, ambitious goals as the country battles recession.

UPDATE 7-Argentina defuses default crisis with 'massive' debt deal

01 Sep 2020

BUENOS AIRES, Aug 31 Argentina has defused fears of a messy default after it gained backing from creditors, allowing it to exchange 99% of the bonds involved in a $65 billion restructuring, a deal that could set a precedent for future sovereign crises.

Argentina steps toward next debt tango, with the IMF

27 Aug 2020

BUENOS AIRES Argentina, set to wrap up a $65 billion (49.19 billion pounds) debt deal with creditors this week, has formally initiated talks to negotiate a new deal to replace its record standby agreement with the International Monetary Fund as it looks to escape from recession and default.

Exclusive: Argentina to submit debt revamp offer to SEC within days, formalizing agreement, sources say

12 Aug 2020

BUENOS AIRES Argentina will formally submit its amended debt restructuring offer to the U.S. securities regulator as early as Thursday, two sources said, a key step to sealing a deal after an initial agreement was reached with creditors earlier this month.

Argentina strikes $65 billion debt deal to avert hard default

05 Aug 2020

LONDON/BUENOS AIRES Argentina has reached an agreement with creditors to restructure around $65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.

EXPLAINER-Argentina's $323 billion debt conundrum

04 Aug 2020

BUENOS AIRES, Aug 4 Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation and increasingly wary investors.

Argentina's $65 billion debt deal draws near on eve of deadline

03 Aug 2020

BUENOS AIRES Argentina and its creditors are nearing a breakthrough $65 billion debt restructuring deal, a lawmaker and two sources told Reuters on Monday, the eve of a deadline for a deal that would help avert a damaging legal standoff.

Latin America sees coronavirus records tumble as cases near five million

03 Aug 2020

BUENOS AIRES/ASUNCION/BOGOTA Argentina broke past 200,000 COVID-19 cases on Sunday and Colombia set a daily record as grim milestones topple in Latin America, pushing the world's worst affected region towards a combined 5 million cases.

World News