Gustavo Grobocopatel, one of Argentina's most successful farming businesspeople said that the understanding reached with the IMF does not solve the country's problems, IMF merely agreed “to kick the can down the road” and give Argentina time to change its production matrix.
The government of Argentine Sunday decided to shut down all registrations for new soybean oil and soybean meal exports until further notice, it was announced. Authorities are also said to be planning a 2% rise to export taxes of industrial by-products, to level it up with the 33% charged to soybeans.
World leaders gathered under the Puebla Group have expressed their support to Argentine President Alberto Fernández for the deal reached with the International Monetary Fund (IMF) and for its overwhelming approval in Congress.
While Argentina's Lower House was debating the approval of the refinancing agreement with the International Monetary Fund, demonstrators staged several incidents in and around the Congress building in Buenos Aires.
Argentina's House of Deputies greenlighted the deal reached between the administration of President Alberto Fernández and the International Monetary Fund in the wee hours of Friday by 202 votes in favor, 37 against, and 13 abstentions.
Argentine president Alberto Fernandez admitted “nobody is happy” with the latest understanding reached with the International Monetary Fund, but under no circumstances does it condition the Argentine government economic policy, finally confessing he “despises” the IMF.
The International Monetary Fund (IMF) Executive Board addressed the economic impact of the war in Ukraine, price shocks of energy and commodity prices, and on possible fast-tracked financial assistance for affected countries since a severe impact on the global economy can be expected.
Argentina's Finance Ministry looked all set Wednesday to send over to Congress the intended deal with the International Monetary Fund (IMF), it was reported. But it was still unclear how things would play out since the ruling Frente de Todos does not have an absolute majority in either House.
The World Bank Group announced on Wednesday that it had stopped all its programs in Russia and Belarus, with immediate effect, as a result of the Russian invasion of Ukraine and hostilities against the people of Ukraine.
Argentine President Alberto Fernández Tuesday said his country was still fine-tuning details of an agreement with The International Monetary Fund (IMF) regarding the repayment of a US $ 44 bn loan taken during the Mauricio Macri administration.