President Fernandez has announced a further extension of debt negotiations deadline until August 4.  It’s now the fifth extension but Argentina needs to reach an acceptable compromise to restructure more than $65 billion of debt. The country is already in technical default since May 22 after failing to make its $500 million interest payments due. According to local news, it seems that 2 groups of creditors are whiling to accept the latest offer made.

Meanwhile, the country seems to reach the peak of the pandemic: 75 deaths have been registered on the single day of July 6 and 2,632 new cases declared. More than 80,000 people have now been infected with Covid-19 in Argentina. Over 90% of all confirmed cases are in Buenos Aires metropolitan area where around 14 million people live. Restrictions have been enhanced again like access to Buenos Aires city, public transportation, etc.

Latest news: President of Brazil, Jair Bolsonaro, has been declared positive to covid-19 on July 7. Since the beginning of the pandemic, he minimizes illness and participates in several public events without wearing a mask. He was strongly criticizing isolation measures implemented in several states to reduce the risk of disease spread. He said that his history as an athlete would protect him from the virus, and that it would be nothing more than a “little flu” were he to contract it. He might change his position now.