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South America, Financial Timeline Saturday, October 11     Author
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Inflation worries  Venezuela: Inflation is beginning to eat away at Venezuela's economy despite efforts by Chavez's government to put a cap on swiftly rising prices Venezuela to pull out of IMF, World Bank
World News World Financial (148) South America (165) Business (69) Financial
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   Argentina (27)
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Controversial tax to fund social programs


June 2008 ... more > Top ^

Jun.10
  Argentina: President Cristina Fernandez de Kirchner announced plans to fund a public works program with revenues from a agrarian export tax



year 2007 Top ^

Dec.6
Apr.30
  President Chavez announced he would make a symbolic move because the nation has already paid off its debts to the lending institutions


year 2005 Top ^

Jan.23 Debt offer draws support  Argentina: In the first week of the debt swap, creditors holding 23.2% of debt in default had signed up for the offer

year 2004 Top ^

Nov.1   Debt repayment offer  Argentina: Argentina's government has presented financial regulators in the US with plans to reorganise the debts

year 2003 Top ^

Jun.24   Rural credit aid launched  Brazil: President Lula announced that poor family farms are to receive a significant increase in government credit Feb.5   Currency rate fixed  Venezuela: Chavez suspended the sale of dollars for two weeks because of a crippling general strike Jan.16 $1bn debt default avoided  Argentina: Argentina clinched an aid deal with the IMF to refinance its short-term debts Jan.6 Bankers set to join general strike  Venezuela: The nation's private bankers plan to meet Wednesday to call a 48-hour strike

year 2002 Top ^

Nov.14 Argentina faces fresh default  Deadline looms for the repayment of $800m of World Bank debt after already being granted a 30-day grace period Aug.7 IMF throws extra $30bn to Brazil
  The International Monetary Fund is hoping to help pull the country and the region out of crisis
Aug.6 Protesters burn O'Neill photos  Argentina: Demonstrators burned a photo of U.S. Treasury Secretary after his arrival Aug.4 U.S. $1.5bn aid deal for Uruguay  Emergency loan is aimed at keeping financial system from collapsing and to enable banks to reopen Jul.30 Banking crisis. Uruguay Jun.21 Bank chief to resign. Argentina Jun.14 Brazil expected to draw on IMF loan Jun.6 IMF praises Argentina reforms May.30 Key economic law scraped. Argentina Apr.25 Banks to re-open briefly. Argentina Apr.19 Bank freeze ordered
  Argentina: All banking operations and foreign currency transactions suspended indefinitely amid fears of a financial collapse Mar.12 Peso hits new low. Argentina Feb.11 Peso passes first test
  Argentina: Peso, floating freely for the first time in a decade, ended trading stable against the dollar
Peso under pressure. Argentina Feb.3 Crisis package unveiled
  Argentina: Economy minister Jorge Remes Lenicov has announced a package of emergency measures Jan.25 March against bank curbs  Argentina: Police have fired teargas and rubber bullets. Banking restrictions imposed to try and salvage the economy Jan.6 Peso devaluated
  Argentina: New government ends 10 years of parity with the US dollar. 1.4 pesos would buy $1, a devaluation of 30%
Jan.5 Rescue plan approved  Argentina: Lower house has given approval to an emergency economic plan. President Duhalde given broad powers

year 2001 Top ^

Dec.23 Debt payments suspended
  Argentina: New interim president will suspend foreign debt payments, triggering the default Dec.19 Argentina plunges into turmoil
  Economy Minister, Domingo Cavallo, has resigned. Police fired tear gas to disperse tens of thousands of angry protesters Dec.3 Defiant message amid crisis  Argentina: Government limits the amount of cash that can be withdrawn. Economy minister blamed speculators Aug.3 IMF to accelerate $1.2 billion loan
  Argentina: $1.2 billion loan for Argentina and $15 billion line of emergency credit for Brazil

year 2000 Top ^





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