The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.
The International Monetary Fund expressed “concern” on Thursday over the outcome of Argentina's 'vulture funds' case. The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.
Argentina's Economy minister Axel Kicillof gave details on Friday of the payment agreement reached with the Paris Club involving 9.7bn dollars of 2001 defaulted debt, which will open the doors to export credit agencies from the group's members and equally important signals a new attitude from the Cristina Fernandez administration.
As the United States Federal Reserve debates the timing of its first interest rate hike since 2006, International Monetary Fund (IMF) Managing Director Christine Lagarde is urging central banks to cooperate on policy moves.
The International Monetary Fund board has already received a first analytical report on Argentina latest statistics and will address the issue in its next meeting scheduled for 6 June, according to IMF spokesperson Gerry Rice in Washington.
The International Monetary Fund (IMF) has suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, stating that such policies are very costly and distort economic activity.
IMF Director for the Western Hemisphere Department Alejandro Werner has once again called on Latin America to embark upon economic reforms, claiming that the “least difficult” phase of economic growth is now over.
In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.
The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.
Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday. Although the study by IMF economists does not reflect the Fund's official position, it is another sign of a shift in its thinking about income disparity.