Economy

Tuesday, October 12th 2021 - 23:54 UTC
Chile's economy to grow 11%, according to IMF report

Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.
Tuesday, October 12th 2021 - 22:15 UTC
Argentine inflation is world's fourth highest, says IMF

Argentina's inflation turned out to be the world's fourth-highest, according to the International Monetary Fund's (IMF) World Economic Outlook report released Tuesday in Washington.
Tuesday, October 12th 2021 - 20:50 UTC
Low-Income Country debt rises to record US$860 billion in 2020

Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.
Tuesday, October 12th 2021 - 09:32 UTC
Uruguay: IMF recommends addressing skill-mismatch between the labour force and new jobs

Last week we published an IMF preliminary statement on the situation of the Uruguayan economy in which it praised the government's handling of the pandemic underlining Uruguay's solid institutions, well-functioning democracy and a high degree of social cohesion.
Tuesday, October 12th 2021 - 09:20 UTC
IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.
Tuesday, October 12th 2021 - 09:19 UTC
Argentine government slaps more controls on corn exports

Argentina's Agriculture Minister has decided to up the number of requirements and restrictions on corn exports after the sector reached the exportable balance of 38.5 million tons, it was reported.
Tuesday, October 12th 2021 - 08:40 UTC
Bolsonaro claims he's not a denialist of COVID-19

Brazil's President Jair Bolsonaro Monday objected to being labelled a “denier” as a consequence of his approach at the COVID-19 pandemic, which has officially killed over 600,000 people in South America's largest country.
Monday, October 11th 2021 - 19:39 UTC
Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.
Monday, October 11th 2021 - 19:16 UTC
Nobel Economic 2021 Prize goes to US-based trio

David Card, Joshua D Angrist, and Guido W. Imbens have been awarded the Nobel Prize in Economics Monday for their research “drawing conclusions from unexpected experiments” applied to labor market analysis.
Monday, October 11th 2021 - 09:52 UTC
Argentine FM hold a successful meeting with Brazil's Economy Minister as part of his mission rebuilding Mercosur ties

Argentine Foreign Minister Santiago Cafiero, Ambassador Daniel Scioli and Productive Development Minister Matías Kulfas Saturday met in Brasilia with Brazilian Economy Minister Paulo Guedes to deepen the new economic ties between the two countries