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Argentina may receive financing due to its advances in social inclusion

The World Bank highlighted Argentina´s advances in health coverage and in its 2014 Report placed it in a list of nations entitled to “receive financing”. In the report, the Bank placed in value the Nacer and Sumar Plans, and regarding its results it pointed out that “a thorough investigation conducted showed that the program was a big success”. It added that through these policies the number of pregnant wom ...

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IMF warned about global consequences of vulture funds actions on Argentina

The International Monetary Fund (IMF) warned about the global consequences of the vulture funds’ actions against Argentina, regarding the future sovereign debt restructuring. It also called to define “more efficient contract realms.” In the report named “From stability to a sustainable growth,” the multilateral credit body held that “the present litigation against Argentina could have general implications f ...

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Doctors Who Worked With Argentinian Dictatorship, to Trial, A First

Buenos Aires, Sep 15 (Prensa Latina) For the first time since the last civil-military dictatorship (1976-1983), medical professionals who participated in clandestine deliveries in order to kidnap the babies born to female prisoners who then disappeared without a trace, are headed to trial. The daily newspaper Pagina 12 reported today that doctors Norberto Bianco, Raul Martin, and the obstetrician Luisa Arro ...

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Vulture Funds: U.N. approval of resolution on debt restructuring

[Argentina's] Foreign Minister Héctor Timerman hailed the U.N. General Assembly approval of the resolution fostered by Argentina, to set up a new international legal framework for the restructure of sovereign debts. The United Nations voted overwhelmingly in favor of a legal framework that would help regulate the foreign sovereign debt restructuring. The result was 124 votes in favor, 11 against and 41 abst ...

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VULTURE FUNDS: The Central Bank revokes BoNY authorization to operate in Argentina

According to Telam, The Central Bank of the Argentine Republic (BCRA) revoked BoNY (Bank of New York Mellon) authorization to operate in Argentina, based on the fact that payment to the restructured bondholders was not carried out, said the Cabinet Chief, Jorge Capitanich. The decision was taken after BoNY’s non-fulfillment of the contract as Argentina’s trustee. "The representation of the BoNY in Argentina ...

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Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Analysis by Ellen Brown SONOMA, California, Aug 14 2014 (IPS) - Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Better than redesigning the sov ...

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Vulture Funds v Argentina: The Guardian asserts that Obama could put a stop to Griesa’s ruling

The important British newspaper The Guardian held that the President of the United States has the Constitutional power of reverting the ruling of New York Judge Thomas Griesa, on the basis that it interferes with his foreign policy. Telam The story, signed by journalist Greg Palast, a specialist on vulture funds, refers to a clause of the U.S. Constitution known as the “Separation of Powers”, which allows t ...

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Argentina Seeks to Sue U.S. at The Hague over Debt Dispute

Argentina has taken steps to sue the United States at the International Court of Justice over a debt dispute that sent the country into default. In a petition to the U.N. tribunal, Argentina accuses U.S. courts of violating its sovereignty by siding with vulture funds led by billionaire Paul Singer. The hedge funds have demanded full repayment after buying Argentina’s debt for bargain prices after its finan ...

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Argentina Contacts US Banks

Buenos Aires, Aug 6 (Prensa Latina) Argentina is in contact with the Citibank and the Bank of New York to timely transfer its payments to the creditors that agreed to restructure the country''s debt and that were blocked by [US] Judge Thomas Griesa. The decision was notified the eve by the Ministry of Economy in a communiqué in which it said that a legal warning will be published in the national and interna ...

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Argentina Deplores Announcement on Vulture Funds

Buenos Aires, Jul 16 (Prensa Latina) The Argentine Government deplored today a paid announcement on the vulture funds published by the Clarin and La Nacion newspapers asserting that the country undergoes a technical suspension of payments. Jorge Capitanich, Chief of the Cabinet of Ministers, asserted this morning that Argentina does not undergo a technical default, as stated by that announcement, because th ...

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