July 31st: Argentina signs new agreement with the IMF, Pemex receives government help to refinance debt

Argentina signs a new agreement with the International Monetary Fund while fighting a USD 16bn lawsuit in New York federal court; Pemex receives cash injection from the government to pay debt; the Mexican Ministry of Finance clashes with the Navy over the repayment of Grupo Aeroportuario de la Ciudad de México’s bonds; Vale sells a 13% stake in its base metals business and Embraer issues a new USD 750m bond.