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Martin Guzman and Rob Johnson | Argentina’s Debt Resolution

Webinar

Start time:

March 3, 2022 @ 3:00 pm - 4:00 pm

Virtual Project Virtual Project

EST

Location:

Online

Type:

Other

Virtual Project Virtual Project

Speakers

Speaker Image
Martin Guzman

Economic Minister of Argentina

Speaker Image
Rob Johnson

INET President

Description

POSTPONED New dates will be announced shortly.

On 28 January after 19 months of tense negotiations, Argentina and the IMF agreed to restructure $44.5bn of sovereign debt. In this webinar we will analyze the recent breakthrough agreement between Argentina and the IMF and its implications for the international sovereign debt restructuring process.

In a major shift from previous IMF programs, the recent breakthrough agreement seeks to support the current recovery by not attaching conditionality or austerity measures. Throughout the negotiations Argentine Economic Minister Martin Guzman had stressed the importance of supporting the ongoing economic recovery. He warned that paradoxically the payments due from the 2018 IMF program tightened foreign exchange markets and undermined the efforts to put the economy on a growth footing.

Background materials:
“IMF defends deal with Argentina to restructure $44.5bn of debt”
https://www.ft.com/content/9884bf86-a110-43d0-ace2-2d7055b95a99

Martin Guzman in Al Jazeera interview
https://www.youtube.com/watch?v=yu2Wug89PEw

Understanding the consequences of the IMF surcharges https://www.bu.edu/gdp/2021/10/04/understanding-the-consequences-of-imf-surcharges-the-need-for-reform/

The IMF’s 2018 Stand-By Arrangement with Argentina: An Ultra Vires Act?
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4004595

Daniel Munevar on Twitter
https://twitter.com/danielmunevar/status/1473982657465827328?s=21

Adam Tooze on Twitter
https://twitter.com/adam_tooze/status/1474371784455639047?s=21

Attendees

Reginald Chaoneka

Leonard Janke

Daniel Santamaría Ots

Kosal Nith

Luana Ayala

Thomas Nobillot

Marie Storli

Conrad Helminger

Celso Gonzalez

Cecilia Seri

Facundo Lucero

Güneş Topçu

Bastien REBENA

Stefan Angrick

Paola Raffaelli

Raul Zambrano

Leandro Bona

Daniela Berdeja Ruiz

Lara Merling

Alejandro Márquez-Velázquez

Zach Kopelman

Renan Almeida

Shanty Margaretha

Johanna Salegas

Marcia Dell Oca

Iván Weigandi

Monika Meireles

Ádám Kerényi

Michelle Cañas

Ana Catelén

Andrew Kaufman

Dauris Pena

Lorenzo Cassini

Juan Pablo Juliá Ciarelli

Bismarck Javier Arevilca Vasquez

Leonel Villafañe

Iñaki García Ribas

Jay Pocklington

ignacio cretini

Noelia Mendez Santolaria

Vasilis Psarras

Ignacio Juncos

Nathalie Marins

Francisco Amsler

Guido D'Angelo

Nehemiya Moleza

Giuliano Toshiro Yajima

Micaela Fachinetti

Bayu Perdana Putra