Tag: Argentina IMF

• Tuesday, May 14th 2019 - 11:12 UTC

  IMF says it can live with another possible government of Cristina Fernandez

  

  The head of the IMF mission currently in Buenos Aires for the fourth review of the economic program signed by the administration of president Mauricio Macri last year, said that the Fund does not fear a possible return of ex president Cristina Fernandez to office.

• Wednesday, May 8th 2019 - 12:54 UTC

  IMF mission arrives in Argentina: Central bank policy, inflation and revenue in the agenda

  

  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.

• Wednesday, May 1st 2019 - 02:49 UTC

  The Argentine Peso responds to central bank measures sponsored by the IMF

  

  Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.

• Tuesday, April 16th 2019 - 09:19 UTC

  Argentina begins IMF approved daily auction of US$ 60m to recover Pesos

  

  Argentina sold US$ 60 million in the foreign exchange market on Monday, traders said, marking the start of peso-buying program approved by the International Monetary Fund and aimed at bolstering government finances.

• Tuesday, March 19th 2019 - 06:16 UTC

  IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

  

  An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks continued in Washington DC after the end of the mission.

• Saturday, March 2nd 2019 - 05:31 UTC

  Macri defended his austerity policies before Congress in the midst of applause, and heckling from the opposition

  

  President Mauricio Macri delivered a robust defense of his austerity policy on Friday in a State of the Union address to Argentina's Congress ahead of a reelection bid in October. Macri went on the offensive in a turbulent session that featured shouts and heckling from opposition lawmakers, declaring there was no turning back on his policies.

• Friday, October 26th 2018 - 07:38 UTC

  Argentina expects final approval of 2019 budget by mid November

  

  Lawmakers in Argentina’s lower house of Congress approved on early morning Thursday an unpopular austerity budget designed to meet the stiff requirements of a US$57.1 billion International Monetary Fund bailout.

• Thursday, October 25th 2018 - 06:10 UTC

  Riots outside, and insults inside as Argentine Congress discusses austerity budget

  

  Protesters opposed to proposed austerity measures clashed with police outside Argentina's Congress on Wednesday as lawmakers discussed next year's budget. Dozens of people threw rocks while police in riot gear responded with rubber bullets and water cannons. Local television said that at least twenty-seven people have been detained but there were no confirmed reports on injuries.

• Monday, October 22nd 2018 - 06:57 UTC

  Argentine Pope “thumbs down” to the IMF agreement and austerity

  

  Argentina's powerful teamsters union organized on Saturday a well attended march to the Cathedral of Lujan under the rallying call of ”bread, peace and work (jobs)”, which concluded with a mass, homily and strong message from Archbishop Agustin Radrlzzani, the only speaker at the event.

• Thursday, October 18th 2018 - 07:36 UTC

  Argentina with a record 6.5% inflation in September, and 40.5% in twelve months

  

  Argentina says that consumer prices rose 6.5% in September bringing the twelve month inflation rate to 40.5%, one of the world's highest. The inflation rate published by the official statistics agency Indec, on Wednesday follows a sharp devaluation of Argentina's currency. The nine month rate reached 32.4%.