The International Monetary Fund (IMF)'s Director of the Western Hemisphere Department Alejandro Werner has said that the current coronavirus pandemic will result in a 10-year setback to the income levels of the region.
Argentina is planning to reach an agreement with the International Monetary Fund (IMF) on a new restructuring program by May, an ambitious timeline according to the IMF’s Western Hemisphere Director Alejandro Werner.
Chileans will go to the polls on Sunday to vote on whether they want to swap a constitution written during the Pinochet dictatorship with a new document written by a specially elected citizens' body.
Greater certainty around Argentina’s public policies could help reactivate growth and investments in the recession-hit country, the International Monetary Fund said on Wednesday.
An IMF mission is in Argentina and is going over the country's accounts with government top officials, to assess future disbursements of the US$ 57bn standby credit granted to the country, currently facing financial and political uncertainty, and on Monday are scheduled to meet with representatives from the opposition.
The cumulative decline of the Venezuelan economy since 2013 will reach 65%, among the deepest five-year contractions around the world over the last half-century, the International Monetary Fund has announced.
Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.”
A new IMF mission is expected in Argentina this e Wednesday for the fourth review of the country's economic plan which is supported by a 36 month stand-by credit from the multilateral financial institution. It's the first IMF visit since Argentina's Central Bank major strategy change in the foreign exchange market to avoid another meltdown of the Argentine currency.
The International Monetary Fund said on Monday that talks with Argentine authorities for financial support are well advanced and the plan is driven by Argentina priorities with a particular focus on protecting the most vulnerable.
Despite the austerity policies that have been implemented by the government of President Mauricio Macri, Argentina will see a bigger than expected recession this year, the International Monetary Fund (IMF) said in a new report. The economy is set to decline 1% this year, a drop that is 0.3 percentage points larger than the previous forecast that the IMF had released in October.