Tag: International Monetary Fund

• Friday, January 18th 2019 - 10:04 UTC

  Wholesale prices in Argentina reach 73.5% in 2018; Peso rallies 10% in the midst of recession

  

  Wholesale prices in Argentina shot 73.5% higher in 2018, government data showed on Thursday, the fastest rate since 2002 when they climbed 118% during an economic crisis that tossed millions of middle-class Argentines into poverty.

• Thursday, December 20th 2018 - 09:20 UTC

  IMF Executive Board approves US$7.6 billion disbursement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the second review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.

• Wednesday, December 19th 2018 - 09:20 UTC

  Argentina officially in recession: economy sinks 3.5% in third quarter

  

  Argentina is in recession after its economy shrank by 3.5% during the third trimester of 2018, the state statistics bureau said on Tuesday. It was the second such shrinkage in a row after the economy shrank 4.0% in the second quarter, with respect to the same period a year ago.

• Thursday, December 6th 2018 - 08:45 UTC

  Argentine manufacturing and construction declines during October

  

  Manufacturing in Argentina fell 6.8% in October year on year, while construction declined 3.7%, and in the first ten months of this year 2.5% and 4.9% respectively according to the Indec statistics bureau report. Firms were hit hard by a contraction in economic activity and the devaluation of the Peso against the US dollar.

• Tuesday, November 27th 2018 - 09:27 UTC

  IMF praises Argentina's reforms program and anticipates rebound of activity in 2019

  

  The International Monetary Fund has completed its second review of Argentina, the fund said on Monday, paving the way for the country to receive US$7.6 billion under a US$ 56.3 billion financing deal.

• Tuesday, November 20th 2018 - 08:43 UTC

  Venezuela preparing macroeconomic data to deliver to IMF

  

  Venezuela which is sitting on one of the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion from the IMF.

• Thursday, November 15th 2018 - 08:42 UTC

  Argentina's Senate approves austerity budget agreed with IMF

  

  After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.

• Saturday, October 27th 2018 - 09:38 UTC

  IMF completes review of Argentina's stand-by loan; Lagarde praises performance

  

  The Executive Board of the International Monetary Fund (IMF) completed on Friday the first review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.

• Wednesday, October 17th 2018 - 08:24 UTC

  Jamaican economist will oversee Argentina's compliance of IMF accord

  

  The International Monetary Fund has announced that Jamaican economist Trevor Alleyne will be the institution's representative in Argentina, after confirming it had decided to reopen an office in Buenos Aires, six years after leaving. The decision comes after Buenos Aires reached a deal with the IMF on the money supply, interest rates and an exchange rate framework.

• Thursday, October 11th 2018 - 08:31 UTC

  World Bank unveils “Human Capital Index”: Singapore, South Korea, Japan and Hong Kong top of the list

  

  The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.