Facundo Rafael Iglesia Frezzini

1 week ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

The International Monetary Fund (IMF) has made the first disbursement of the US$20 billion deal it struck with Argentina last week. A source in the Central Bank told the Herald that the payment totaled US$12.3 billion in Special Drawing Rights (SDRs, the lender’s currency). On the same day, the Central Bank announced that foreign investors will be allowed to access the official exchange rate market, with a six-month minimum parking period.

1 week ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Four hedge funds that won a US$1.5 billion case against Argentina in a London court requested on Tuesday that the country returns to the negotiating table. According to the law firm representing the funds, the country’s representatives said they would discuss a payment schedule only after reaching a new deal with the International Monetary Fund (IMF), which was reached on Friday.

2 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Argentine markets traded on Tuesday amid the global volatility kick-started by United States President Donald Trump’s reciprocal tariff policy, which is already disrupting the financial world. The country’s EMBI index, which measures the possibility of a default on its debt, ticked up to 978 basis points, its highest value since October. During the day, it even reached 1,000 basis points.

2 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Argentine companies and the chambers grouping them are in scramble mode ever since U.S President Donald Trump’s reciprocal tariff policy went into effect on Wednesday. Argentina is one of eleven countries to be slapped with a minimum 10% tariff for all products exported to the United States. In order to define the new tariffs for each country, the Trump administration simply divided the bilateral trade deficit by the imports it has with each nation and divided that by two.

3 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Senators from across Argentina’s political spectrum have voted to reject the appointments of two Supreme Court judges via a decree issued by President Javier Milei earlier this year. Both nominations were ruled out with 51 negative votes from Peronism, Radical Civic Union (UCR) and Propuesta Republicana (PRO), to 20 affirmative votes mainly from the ruling party La Libertad Avanza (LLA). Ariel Lijo and Manuel García-Mansilla were poised to cover the two vacant roles in the Supreme Court.