MercoPress, en Español

Montevideo, May 23rd 2018 - 14:58 UTC

Tag: International Monetary Fund

  • Sunday, May 20th 2018 - 13:15 UTC

    Venezuela: Proselytism, pro-government advantage and hunger on the eve of the presidential election; the crisis gets worse

    IPYS denounces the abuse of resources and state assets in the electoral campaign, as information and propaganda prevails in state radio stations.

    A few hours before the presidential election of May 20 in Venezuela, which is not recognized by dozens of countries in the region and is classified as “fraud” by the opposition of that country, official statements and messages favorable to the candidate and current president , Nicolás Maduro, have flooded the programs of the open media in Venezuela, according to a report by the Press Institute and Venezuela Society (IPYS).

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  • Monday, May 14th 2018 - 08:20 UTC

    The Economist: Will Argentina's woes spread?

    Argentina’s rate of inflation, which exceeds 25%, seems to belong to a lost world. Only in Egypt, Nigeria and Turkey is inflation even in double digits.

    Argentina has much in common with yesterday's emerging markets, but little in common with today's

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Tuesday, January 23rd 2018 - 09:23 UTC

    Trump's tax reform prompts brighter outlook for global economy, says IMF

    The new global forecast has growth of 3.9% this year and next. That represents an upgrade of 0.2% for each year. It also constitutes faster expansion

    Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF), arguing that the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment.

  • Friday, January 19th 2018 - 09:27 UTC

    Beijing claims economy growth picks up after seven years, but there are doubts about Chinese stats

    But many China watchers believe the GDP numbers are much weaker than the official figures suggest. This month alone, the governments of Inner Mongolia and of the large industrial city of Tianjin have

    China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5% and is good news for the global economy since China's impact and the better-than-expected data is likely to cheer investors around the world.

  • Friday, April 19th 2013 - 05:46 UTC

    Argentina begins Washington round of contacts ahead of IMF-WB spring meeting

    Economy minister Lorenzino will explain Argentina’s new price index

    Argentine Economy Minister Hernán Lorenzino is in Washington ready to start his official activities in the margins of the 2013 International Monetary Fund and World Bank Spring meeting.

  • Monday, April 1st 2013 - 09:38 UTC

    IMF board of directors continues to support Christine Lagarde

    Ms Lagarde apartment was searched by French police in a case involving businessman Tapie

    International Monetary Fund Managing Director Christine Lagarde, whose Paris apartment was searched by police March 20 in a case involving businessman Bernard Tapie, retains the backing of the board of directors, an IMF spokesman said.

  • Saturday, November 17th 2012 - 05:37 UTC

    Topsy-turvy inflation numbers from Argentina’s official stats office

    Ms Ana Maria Edwin: “this round is on me”

    More bad publicity for Argentina’s official Stats office, Indec: not only are the institution’s releases on inflation taken lightly or ignored by a majority of Argentines and openly questioned by the International Monetary Fund, now the head of the office was caught driving under the influence of alcohol.