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Latest Argentine debt restructuring Stories

2006-01-03 19:32:49

By Damian Wroclavsky BUENOS AIRES, Argentina (Reuters) - Argentina canceled its entire $9.5 billion debt to the International Monetary Fund on Tuesday, effectively cutting free from the Washington-based lender after years of bitter clashes. "This is the start of a new phase," a smiling Economy Minister Felisa Miceli told reporters after the transaction was completed. Argentine President Nestor Kirchner announced on December 15 the government would use nearly a third of its foreign...

2005-11-02 02:12:38

WASHINGTON (Reuters) - U.S. President George W. Bush, preparing to visit Latin America, said the United States will not intervene in negotiations between Argentina and the International Monetary Fund on a follow-up loan agreement. In comments ahead of an Americas presidential summit in Argentina, Bush said Argentine President Nestor Kirchner and his economic team should deal directly with the IMF. "Since he's proven himself of being capable of performing it seems like to me the best...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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