The World Bank has announced a US$2-billion guarantee for Argentina, which will enable the country to refinance its debt at a reduced cost, according to a statement released on Thursday. The administration of President Javier Milei faces the obligation of servicing private debt amounting to approximately US$4.3 billion in July. The guarantee, which remains subject … Read more
On Tuesday, the United States Chamber of Commerce in Argentina (AmCham Argentina) held a summit in Buenos Aires, bringing together politicians and prominent business leaders. In her opening speech, María Schoua stated that agriculture “accounts for more than half of Argentina’s exports,” emphasized the country’s potential to become a global energy “supplier,” and noted that … Read more
The International Monetary Fund on Tuesday adjusted its growth forecast for Argentina downward and increased its inflation projection, underscoring a decline in the nation’s internal and external circumstances. The latest edition of the Fund’s World Economic Outlook report, published biannually, indicates that the IMF has revised its forecast for Argentina’s gross domestic product, now anticipating … Read more
On Wednesday, Argentina’s country risk index experienced a significant decline, decreasing by over 50 points, coinciding with a global economic recovery spurred by the recent truce between the United States and Iran. The indicator currently registers at 551 basis points, a decrease from 610 points observed on Tuesday. Sovereign U.S. dollar bonds are experiencing notable … Read more
The United States Court of Appeals for the Second Circuit has approved a motion submitted by Argentina, seeking to delay the discovery process related to the 2012 expropriation of the state-owned energy company YPF until the resolution of the country’s appeal in the matter. The ongoing dispute arises from the protracted legal conflict that Argentina … Read more
Argentina’s government asserts that the country “is fertile ground for any investment imaginable and that firms should jump on board to benefit from the “revolutions” that are shaking up key national industries. During the ‘Argentina Week’ promotional event in New York on Thursday, Cabinet Chief Manuel Adorni stated that the nation is now “free from … Read more
Investors from T. Rowe Price Group Inc. to TCW Group Inc are adopting a strategy that is swiftly gaining traction in emerging markets: channeling funds into Latin American countries that align with US President Donald Trump. Investment professionals at these firms are showing a preference for government bonds from countries like Ecuador and Argentina, where … Read more
As the deadline approached for Argentina to fulfill its obligations to bondholders, amounting to billions, President Javier Milei sought assistance from a well-known figure. Bankers at JPMorgan Chase & Co contributed approximately US$340 million as part of a multi-bank repurchase agreement this month, providing Argentina with essential liquidity. The agreement has elevated the bank’s overall … Read more
Ecuador’s notable re-entry into global credit markets is perceived as a positive sign among investors who are keenly anticipating Argentina’s eventual return after years of exclusion from international financing. Ecuador executed a sale of US$4 billion in bonds on Monday, marking its largest global offering to date and its inaugural sale following the debt restructuring … Read more
Argentina’s country risk, as measured by JP Morgan, decreased to 517 basis points on Monday — the lowest level observed since June 2018. The indicator assesses the likelihood of a nation experiencing a sovereign default. A low score, consequently, is essential for reestablishing access to the international debt market. Upon Javier Milei’s assumption of office … Read more