Skip to content
Sunday, 15 November 2026Malta edition Enquire Malta-24 Briefing @CDNewsDispatch
Malta's world news feed Local perspective with global outlook
CDE.NEWS The Dispatch
Enquire
LATEST
World e-Parliament Conference returns to European Parliament after 18 years 354 dark web vendors and buyers arrested in Europol-coordinated global crackdown Malta’s Financial Sector Urged To Help Finance The Country’s Next Chapter Microsoft Outage Explained: Causes, Impact and Potential Risks to User Data Vance, Rubio, Ossoff and Buttigieg lead 2028 White House hopefuls
Business

S&P says that Argentina has defaulted its debt

cde.news desk · 1 min read
Xinf
epa07800348 Handout picture made available by Argentine Ministry of Finance shows (L-R) the Vice President of the Argentine Central Bank Veronica Rappoport; the President of the Argentine Central Bank Guido Sandleris; the Minister of Finance of Argentina Hernan Lacunza; the Argentine secretary of Economic Policy Sebastian Katz; to the Representative of the International Monetary Fund (IMF) in Argentina Trevor Alleyne; the Head of the Department of the Western Hemisphere of the IMF Alejandro Werner and the Head of the IMF mission sent to Argentina Roberto Cardarelli, while participating in a meeting, in Buenos Aires, Argentina, 28 August 2019. The Government of Argentina announced on 28 August that it will stretch the maturity terms of its short-term debt with institutional investors and will seek to do the same with its medium and long-term securities, in addition to seeking to 'rebalance' the debt with the International Monetary Fund (IMF). EPA-EFE/Argentine Ministry of Finance / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101bn of borrowings.

The Financial Times reports that on Wednesday Buenos Aires announced plans to postpone $7bn of payments on its short-term local bonds for up to six months while it pushes for a “voluntary reprofiling” of $50bn of longer-dated debt, which is mostly owned by foreign investors. The government also said it plans to delay repayment of $44bn of loans from the IMF.

Argentina has already defaulted on its debt eight times, twice since the turn of the millennium.

Via Financial Times 

Filed under Business
Topics ArgentinaEconomy

More from Business

More →
Malta

Malta’s Financial Sector Urged To Help Finance The Country’s Next Chapter

 Business

UPDATED: Microsoft outage hits Outlook, Teams and Copilot worldwide

 Airlines

Third major airline warns fares will rise next year