Tag: Nicolas Eyzaguirre
Nicolas EyzaguirreIMF calls for fiscal austerity in South America but admits “dilemmas”
IMF warned inflation is threatening South America but also admitted countries had a dilemma since increasing interest rates could further worsen the appreciation of local currencies vis-à-vis the US dollar.
IMF mission arrives in Buenos Aires first week of December
The International Monetary Fund confirmed Argentina’s request for technical assistance on the elaboration of a Consumer Price Index (CPI). In a statement release by Nicolas Eyzaguirre, Director of the Western Hemisphere Department added “we are currently in contact with the authorities on planning the missions”.
China resists becoming the locomotive for the world economy, says IMF
China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.
Strong recovery in Latin America but eye on overheating warns IMF
With many Latin American and Caribbean economies recovering faster than anticipated, the challenge for policymakers is ensuring a moderation in domestic demand to avoid overheating, the IMF said.
IMF Anticipates Good Prospects for Argentine Defaulted Bond Swap
Given the high levels of global liquidity, Argentina should succeed in restructuring its 20 billion US dollars in defaulted bonds according to a senior official from the International Monetary Fund.
IMF Says Latam Recovering Faster than Expected but With “Bubble” Risks
The recovery in Latin America and the Caribbean is advancing faster than anticipated but at different speeds across countries, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook-Western Hemisphere report, which was launched Tuesday in Montevideo, Uruguay.
IMF Warns Latam “Cheap and Abundant Credit” Rises Risk of Boom-Bust Cycle
Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.
