Financing gap expands to $3.4 bln as the country reels from the coronavirus outbreak and the fall in oil prices, finance minister says
Category: Structured Finance
Posted inDaily Brief
Argentina to announce debt restructuring soon
President Fernández says deal could be tougher than expected due to the impact of the coronavirus on the country’s finances
Posted inDaily Brief
Colombia, DR receive World Bank emergency funds
Multilateral lender allocates a total of $515 mln for seven countries in LatAm in less than a week
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Argentina postpones payment on local bonds
Government gains time to restructure $83 bln in external debt, sources say
Posted inDaily Brief
S&P cuts Ecuador to CCC-
Rating agency says default “appears inevitable” within six months
Posted inDaily Brief
Argentina eyes five-year deferment for IMF debt payments
President Fernández reiterates that the government cannot pay off debt until the economy recovers from a worsening recession
Posted inWeb Articles
Ecuador seeking emergency financing to help battle COVID-19
IMF says Ecuador will seek help through Rapid Financing Instrument
Posted inDaily Brief
Coronavirus outbreak puts brakes on project finance
Lenders focus on reviewing their portfolios and providing short-term liquidity, rather than drumming up new deals
Posted inDaily Brief
Petrobras presses divestments forward after oil price plunge
Brazilian oil company may have to execute a u-turn, oil and gas specialists say
Posted inDaily Brief
Emerging market outflows exceed $50 bln since outbreak
Outflows are already twice as much as during the financial crisis of 2008, according to the IIF