Tag: International Monetary Fund

• Thursday, October 3rd 2019 - 09:54 UTC

  Developing nations foreign debt reaches US$ 7.8 trillion, World Bank report

  

  Total foreign debt held by developing nations jumped more than 5% to US$7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.

• Thursday, October 3rd 2019 - 08:52 UTC

  The IMF after Argentina

  

  By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity?

• Wednesday, September 25th 2019 - 09:54 UTC

  Macri holds a 'constructive meeting' with IMF, but no news about the pending tranche of a major loan

  

  Argentine President Mauricio Macri met with his International Monetary Fund backers in New York on Tuesday, but there was little light shed on whether the body was likely to approve a key US$ 5.4 billion tranche of funds to the indebted country.

• Friday, September 13th 2019 - 11:47 UTC

  IMF remains strongly engaged with Argentina; meeting with officials scheduled for later this month

  

  The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.

• Thursday, September 12th 2019 - 09:55 UTC

  Questions on the role of the IMF in the Argentine financial situation

  

  Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.

• Tuesday, September 10th 2019 - 09:54 UTC

  Argentine gross public debt stands at US$ 337.367 million; 2020 repayments sum US$ 44.232 million

  

  Argentine gross public debt climbed 3% at the end of the second quarter of the year and has reached US$ 337.367 million compared to US$ 327.166 million in the same period last year, according to the Financial Secretariat.

• Friday, September 6th 2019 - 09:58 UTC

  Alberto Fernandez pledges to honor debts as long as it doesn't harm Argentines

  

  Argentina's likely next president, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

• Tuesday, September 3rd 2019 - 09:55 UTC

  Argentina talking with IMF on monetary targets; Central bank insists the country's financial system is “solid”

  

  Argentina’s central bank is talking to the International Monetary Fund about revising its monetary policy target for September, the institution’s president Guido Sandleris told reporters in Buenos Aires on Monday.

• Saturday, August 31st 2019 - 17:54 UTC

  The “Amazon fires of uncertainty” in Argentina: can they get worse?

  

  Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.

• Wednesday, August 28th 2019 - 09:49 UTC

  Argentina sold US$ 302 million to support the Peso, exceeding an IMF agreement

  

  Argentina's central bank on Tuesday exceeded for the first time a guideline on reserve sales agreed as part of its US$ 57 billion standby agreement with the International Monetary Fund, selling US$ 302 million in the foreign exchange market, traders said.