Argentines remember the role the IMF played in the last depression. They also remember the improvement in their lives under Kirchnerism. The following was published by The New York Times.
The cumulative decline of the Venezuelan economy since 2013 will reach 65%, among the deepest five-year contractions around the world over the last half-century, the International Monetary Fund has announced.
France is seen supporting Kristalina Georgieva to be the next head of the International Monetary Fund as the EU seeks to agree on a single candidate ahead of the lender's Sept 6 deadline, according to several European officials familiar with the deliberations.
Mauricio Macri’s Government must guarantee that with the new disbursement in favor of Argentina for USD 5.4 billion that the International Monetary Fund (IMF) will sign this Friday will comply with all the deadlines agreed for this year. This new disbursement is given after the approval of the quarterly goals to March by the technical staff of the fund.
The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.
Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.”
“What good is it to throw a man ten feet of rope if he is drowning in 20 feet of water?” asked Kenneth Rogoff, former chief economist of the IMF, to The Economist 15 years ago. His question still bothers the institution he used to advise.
Giant technology companies might cause significant disruption to the world's financial system, the head of the International Monetary Fund has warned. Christine Lagarde said just a few firms with big data access and artificial intelligence could run the global payment and settlement arrangements.
The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.