Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar. The depressed price is, in fairness, partly the result of the basic mechanics of the securities – they carry artificially low interest rates and a generous grace period – but it also reflects a grim reality that’s setting … Read more
Brazil President Jair Bolsonaro confirmed Thursday that he will travel to Buenos Aires on March 26 to attend the Mercosur summit. It will be the first face-to-face meeting between Bolsonaro and Argentina’s President Alberto Fernández, with ties between the two leaders severely strained. The Brazilian leader is a fierce critic of Peronism in general and … Read more
THE WEEK IN CORONAVIRUS There were 2,141,854 confirmed cases of coronavirus and 52,784 deaths at press time yesterday, as against 2,098,728 cases and 51,887 deaths the previous Friday. Last weekend there were protests against the “VIP vaccine” scandal which were not as massively attended as expected by the organisers, despite widespread public indignation, especially over … Read more
In his message to the Legislative Assembly last Monday, President Alberto Fernández opted for a tough tone and content against the International Monetary Fund, whom he held co-responsible for the colossal debt run up by the Maurico Macri presidency. The move kicks the chair out from under Economy Minister Martín Guzmán and the diplomatic strategy … Read more
Argentina has extended the deadline for companies to restructure debt in dollars due until December 31, according to an online statement from the Central Bank. The Central Bank of the Argentine Republic, known as BCRA, said Thursday that it will extend its deadline for companies to swap their dollar-denominated debt until December 31, according to a … Read more