Economy

• Wednesday, March 25th 2020 - 08:37 UTC

  Announced US stimulus plan helps a slight recovery of oil prices

  

  Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a US$ 2 trillion coronavirus economic package.

• Wednesday, March 25th 2020 - 07:52 UTC

  Trump wants to loosen the economy's lockdown by Easter: “US is not built to shut down”

  

  President Donald Trump announced on Tuesday he wants to loosen the coronavirus lockdown in the United States and restart the economy within three weeks, calling social distancing measures too disruptive.

• Tuesday, March 24th 2020 - 10:03 UTC

  With the pandemic, Argentina has “a thousand more reasons” to delay debt payments

  

  Argentina does not plan to resume debt payments to the International Monetary Fund (IMF) for five years, buying time to pull the economy out of a worsening recession after the coronavirus outbreak led the government to impose a stay-at-home order until the end of March which also put the brakes- on activity

• Tuesday, March 24th 2020 - 08:46 UTC

  World Bank approves fast track financing to respond to Covid 19

  

  The World Bank and IFC’s Boards of Directors approved an increased US$ 14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.

• Monday, March 23rd 2020 - 07:00 UTC

  Gibraltar creates a specific Covid 19 special fund of up to £500 million

  

  The Gibraltar government could borrow up to 500 million pounds for Coronavirus aid if the community requires it in the coming months. This news came before parliament unanimously passed the emergency budget bill which will help cushion the negative economic effects the virus will have on the peninsula.

• Monday, March 23rd 2020 - 06:43 UTC

  World Water Day, everyone has a role to play, Antonio Guterres

  

  The world’s water resources are under unprecedented threat. Today, some 2.2 billion people lack safe drinking water and 4.2 billion people live without access to adequate sanitation. Unless we act with urgency, the impacts of climate change are projected to exacerbate these figures. By 2050, between 3.5 and 4.4 billion people will live with limited access to water, with more than 1 billion of them living in cities.

• Saturday, March 21st 2020 - 09:24 UTC

  IMF's technical guidance on Argentine public debt sustainability

  

  At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released on Friday a technical note prepared by IMF staff on Argentina’s public debt sustainability.

• Saturday, March 21st 2020 - 09:09 UTC

  London's support for Falklands to deal with the impacts of the pandemic

  

  In a display of support from London, the UK Government announced it is working closely with the Overseas Territories to ensure they receive the help that is necessary to face the challenge and consequences of Covid-19.

• Friday, March 20th 2020 - 09:43 UTC

  Argentina successfully rolls over local bonds in Pesos

  

  Argentina’s economy ministry said on Thursday it had exchanged around 257 billion pesos (US$ 4 billion) in a debt swap for new instruments maturing between 2021-2024, as the government looks to restructure its debt amid a credit crunch.

• Thursday, March 19th 2020 - 08:59 UTC

  Coronavirus: Argentina unveils stimulus package; ample support from the political system to the strategy

  

  Argentina unveiled this week a 700 billion Pesos (some US$10 billion) stimulus package to try to sustain economic activity, avert shortages of food and medical supplies, help companies and protect workers and vulnerable groups affected by the worsening Covid 19 pandemic.