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MercoPress, en Español

Montevideo, April 25th 2024 - 04:59 UTC

Tag: IMF

  • Friday, January 12th 2024 - 13:33 UTC

    FMI hopes Milei's plan gets enough political support

    President Javier Milei's administration “is already implementing an ambitious stabilization plan,” Kozack also noted

    International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.

  • Friday, January 12th 2024 - 10:34 UTC

    CPI goes up 25.5% in December in Argentina

    “We applied a much deeper adjustment plan than the one requested by the IMF,” Milei explained

    Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.

  • Thursday, January 11th 2024 - 11:20 UTC

    Argentina gets fresh cash from IMF for impending maturities

    “We have to solve the country's addiction to public spending,” Caputo argued

    The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.

  • Wednesday, January 3rd 2024 - 10:42 UTC

    IMF delegation to visit Buenos Aires for further discussions

    Argentina is in an extremely delicate situation, Adorni admitted

    Argentina's Cabinet Chief Nicolás Posse and Economy Minister Luis Toto Caputo are to meet in Buenos Aires with a delegation from the International Monetary Fund (IMF) on Thursday, Presidential Spokesman Manuel Adorni confirmed Tuesday.

  • Friday, December 22nd 2023 - 10:28 UTC

    Argentina makes payment to IMF through CAF loan

    Argentina is said to be looking at fewer surcharges from the IMF next year

    Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

  • 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.”

  • Wednesday, December 13th 2023 - 10:58 UTC

    Thumbs up from the IMF to Argentina's policy changes

    Georgieva said Toto Caputo's measures were “an important step toward restoring stability and rebuilding the country's economic potential”

    After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Wednesday, November 8th 2023 - 10:55 UTC

    Argentina makes payment to IMF in yuan

    The disbursement has weakened the Central Bank’s reserves to levels unseen since 2006

    Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.

  • Saturday, October 14th 2023 - 10:10 UTC

    Gloomy IMF projections for Argentina this year

    Excluding Argentina and Venezuela, the IMF foresees a downward trend in inflation in the region

    The International Monetary Fund (IMF) foresees a 2.5% drop in Argentina's GDP and warned that the program between the South American country and the credit agency was in a “critical” state, barely over one week ahead of the presidential elections.