A technical team of the International Monetary Fund (IMF) has warned that political unrest in various regions of Latin America might have consequences for the economy since it would affect how the region is perceived worldwide.
The International Monetary Fund (IMF) Monday adjusted its projections for 2023 with relatively good news since it upgraded its growth forecast for Latin America by 0.1 percentage points from October's figures. The economy in Latin America and the Caribbean is expected to grow by 1.8% this year amid steady inflation and the worldwide consequences of the armed conflict in Ukraine, the IMF heralded.
Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.
Argentina's Agriculture exports are expected to drop by US$ 14,000 million due to the recent drought, according to projections from the Buenos Aires Grain Exchange released this week in Buenos Aires. The new figures might have an impact on the country's Gross Domestic Product (GDP) of between 1.1% and 1.8%.
With the world's three major economies -the United States, the European Union, and China- slowing down simultaneously, 2023 will be tougher than the year we left behind, International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva said during an interview with CBS. She also heralded in Washington that a third of the world economy will be affected by a recession.
Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.
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.
International Monetary Fund Managing Director Thursday praised the commitment of Argentine President Alberto Fernández's administration to comply with the debt-repayment program agreed upon.
Argentina is to receive US$ 700 million to increase the Central Bank's reserves after the IDB Board of Directors agreed Wednesday to a Special Development Financing (SDL) package in light of Superminister Sergio Massa's presence in Washington DC for the annual meeting of the International Monetary Fund (IMF) and the World Bank.
The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.