Argentina

Argentina misses deadline on international debt agreement

BUENOS AIRES, May 10 (NNN-AGENCIES) — Argentina missed a Friday deadline to reach an agreement with international creditors to restructure its massive debt, but negotiations will continue, its minister for the economy said.

The two sides have been deadlocked over Argentina’s $65 billion debt, with the three main bondholder groups rejecting a government restructuring proposal, saying they were unwilling to swallow “disproportionate” losses on their investment.

“Argentina is maintaining a dialogue,” economy minister Martin Guzman told reporters on Friday.

Argentina debt deadlock remains as president says talks to continue

BUENOS AIRES (Reuters) - Argentina’s President Alberto Fernandez said on Saturday that talks with bondholders to restructure $65 billion of the country’s foreign debt would continue with the two sides still deadlocked over what the final offer should look like.

Fernandez, a center-left Peronist, tweeted that he and economy minister Martin Guzman continued to “dialogue in good faith” with creditors with the aim of reaching a sustainable agreement after a deadline to do so expired on Friday.

Venezuela to refer issue of armed invasion attempt to UN Security Council — president

BUENOS AIRES, May 6. /TASS/: The Venezuelan government will request the UN Security Council to offer an assessment of the attempted armed invasion into the Bolivarian Republic in early May, President Nicolas Maduro said on Wednesday.

"We will turn to the UN Security Council. I tasked the foreign minister and our envoy to New York with filing a complaint to the UN SC <...> in order to secure legitimate international protection for Venezuela," he said during an online press conference broadcast on Twitter.

As virus cases surge, Brazil starts to worry its neighbors

BUENOS AIRES, Argentina (AP) — Brazil’s virtually uncontrolled surge of COVID-19 cases is spawning fear that construction workers, truck drivers and tourists from Latin America’s biggest nation will spread the disease to neighboring countries that are doing a better job of controlling the coronavirus.

Prisoners Rebel In Prison In Buenos Aires Over COVID-19 Fears

BUENOS AIRES, Apr 25 (NNN-PRENSA LATINA) – Prisoners in a federal prison in the Villa Devoto district of Argentina, set fire to mattresses and threw stones, chairs, and metal parts, from the roof of the detention centre, onto the police on the ground, images on TN television showed.

A banner read: “We refuse to die in prison.”

Another plane with Russian aid to arrive to Venezuela soon — president

BUENOS-AIRES, March 29. /TASS/: Venezuelan President Nicolas Maduro said on Saturday that another Russian plane is to arrive to the republic in the coming days, carrying humanitarian assistance needed to tackle the novel coronavirus outbreak.

"A Russian military plane with equipment, sent by Russian President Vladimir Putin, will arrive in the coming days," Maduro told Venezolana de Television.

According to Maduro, his country has received various medical equipment and goods from China and was expecting more aid to come.

Argentina proposes $69 billion debt restructure plan

10 March 2020; AFP: Argentina has finalised a proposal to restructure some $69 billion of the country's massive public debt, the government said Tuesday, hoping to delay the maturity of some institutional loans and reduce the amount owed to private creditors.

Since taking office in December, President Alberto Fernandez's administration has insisted it will not be able to pay off its creditors if its recession-hit economy fails to resume growth.

Argentine president asks for "orderly" resolution of debt crisis

BUENOS AIRES, March 1 (Xinhua) -- Argentine President Alberto Fernandez called on Sunday for an "orderly" resolution of the country's debt crisis while seeking talks on debt restructuring.

"We need an agreement that will allow Argentina to get back on its feet and not fall down again. This is non-negotiable," Fernandez said at the 138th ordinary session of the National Congress.

Fernandez said the country's public debt has hit "a record amount" and almost 49 billion U.S. dollars are due in 2020 alone. "To this we must add 14.838 billion dollars in interest on this debt."

Argentina, IMF say their talks on new debt agreement “fruitful”

BUENOS AIRES, Feb 23 (NNN-Xinhua) — Argentina and the International Monetary Fund (IMF) announced that progress has been made in their talks about a new agreement to address the South American country’s debt.

The Saturday announcement came after a meeting between Argentine Economy Minister Martin Guzman and IMF Managing Director Kristalina Georgieva on the sidelines of a G20 meeting in Riyadh, Saudi Arabia.

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