Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 19th 2024 - 06:52 UTC

Tag: Ilan Goldfajn

  • Tuesday, February 27th 2024 - 10:50 UTC

    Caribbean countries: a big player in many crucial areas, IDB says

    The region’s experience, expertise, resilience, and leading role in climate preparedness is an example for the world,” Goldfajn said

    The Inter-American Development Bank (IDB) Group concluded after its XII Annual Consultation meeting with Governors of IDB Caribbean members on Feb. 23 and 24 in Georgetown that the Caribbean might be small in size but is nonetheless a “big player” in many crucial areas, it was reported from the Guyanese capital.

  • Saturday, December 16th 2023 - 10:37 UTC

    IDB will continue to support Argentina

    However, the IDB is not involved in Argentina's negotiations with the International Monetary Fund, Goldfajn explained

    Inter-American Development Bank (IDB) President Ilan Goldfajn said his entity “has supported Argentina for many years and decades and will continue to” do so after President Javier Milei's administration adopted a series of measures he found to be “strong.”

  • Monday, March 20th 2023 - 15:50 UTC

    IDB forecasts gloomy 2023 for Latin America, Caribbean

    Goldfajn spoke of “overlapping crises”

    The Interamerican Development Bank (IDB) has issued a report forecasting growth for the region in 2023 will barely stand at 1%, much lower than similar studies from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Monetary Fund (IMF).

  • Wednesday, March 1st 2023 - 09:05 UTC

    IMF picks former Chilean Minister to replace Goldfajn

    Georgieva praised Valdés' background and qualifications for the post

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva Tuesday announced that Chilean Economist Minister Rodrigo Valdés had been chosen to succeed the Brazilian Ilan Goldfajn as Regional Director of the global agency. Goldfajn left his post to become President of the Inter-American Development Bank (IDB).

  • Monday, November 21st 2022 - 10:44 UTC

    Goldfajn chosen new IDB boss

    Goldfajn is known for his stance against inflation

    Brazil's Ilan Goldfajn was elected Sunday as the new head of the Interamerican Development Bank (BID), it was reported in Washington DC.

  • Friday, October 14th 2022 - 10:08 UTC

    IMF experts foresee economic slowdown in the region for 2023

    Inflation remains the main problem, Goldfajn explained

    Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.

  • Saturday, February 19th 2022 - 10:06 UTC

    IMF says draft of deal with Argentina almost ready

    Argentina's proposal was “realistic and reliable,” according to Goldfajn

    A high-ranking International Monetary Fund (IMF) official Friday announced a full deal with Argentina “is very close,” as the Government of President Alberto Fernández hopes it will be next week, so that it can be put up for Congressional approval at the start of the new Legislature, March 1.

  • Thursday, February 7th 2019 - 10:29 UTC

    Brazil central bank leaves interest rates at record low 6.5%

    This was the first 2019 meeting of Copom and possibly the last for current bank president Ilan Goldfajn. Rates have been at this same level since March 2018

    Brazil’s central bank left interest rates at a record low on Wednesday as expected, and signaled it is in no rush to change them even though inflationary pressures have cooled. The bank’s nine-member monetary policy committee, Copom, voted unanimously to keep the benchmark Selic rate at 6.5% for the seventh straight meeting.

  • Saturday, January 5th 2019 - 08:59 UTC

    New Brazilian administration prepared to open concentrated banking to foreign competition

    The move could foster competition in a highly concentrated banking system, in which the five largest banks hold 85% of total assets, according to Ilan Goldfajn

    The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.

  • Wednesday, November 28th 2018 - 18:50 UTC

    Brazilian credit card users offered predictable exchange rate for deals in foreign currency

    “We believe consumers will feel more comfortable knowing how much they are spending,” Goldfajn explained.

    Brazil's Central Bank (BCB) President Ilan Goldfajn Wednesday announced a new rule for credit card charges in foreign currency: the sum consumers will have to pay in reais will be calculated on the basis of the exchange rate at the day of the transaction. The measure, however, will become effective as March 1, 2020.

Previous