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MercoPress, en Español

Montevideo, April 20th 2024 - 08:24 UTC

Tag: Argentina IMF

  • Thursday, June 14th 2018 - 22:14 UTC

    IMF's Lagarde welcomes Argentina government’s economic policy plans

    Christine Lagarde with president Mauricio Macri during her recent visit to Argentina

    Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.

  • Thursday, June 14th 2018 - 06:00 UTC

    Argentina's unions announce a one-day general strike to protest spending cuts

    As part of the US$ 50 billion deal with IMF, Argentina said it would target a fiscal deficit equivalent to 1.3% of GDP in 2019, down from 2.2% previously

    Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

  • Friday, May 18th 2018 - 07:49 UTC

    IMF confirms support for Macri, but also with greater focus on social protection

    Rice stressed that the current situation, marked by “renewed financial market volatility” is very different than the last time Argentina went to the IMF for aid.

    The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet on what it will entail, a fund spokesman said on Thursday. However spokesperson Gerry Rice also underlined that the IMF nowadays has a greater focus on social protection, in particular towards the most vulnerable, ensuring the economy and living standards.

  • Friday, April 29th 2016 - 06:08 UTC

    IMF praises Argentina's new focus despite an expected contraction of 1% this year

    “The new policy framework, however, has improved the medium-term outlook, with GDP growth expected to rebound to about 2,75% in 2017,” the paper said.

    Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances.

  • Monday, April 11th 2016 - 05:46 UTC

    Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

    Prat-Gay will attend the IMF-World Bank summit in Washington DC and is expected to discuss the issue with IMF head Christine Lagarde.

    Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.

  • Monday, January 25th 2016 - 10:19 UTC

    IMF praise for Argentina's measures... but forecasts 'mild recession' this year

    Werner welcomed Argentina’s “transition” and policies implemented by Macri, but warned austerity will lead to a “mild” recession in 2016.

    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.

  • Thursday, January 21st 2016 - 07:33 UTC

    Argentine Finance minister expected to meet IMF chief to renew formal ties

    Resuming formal ties means allowing the IMF to conduct a review of the Argentine, which would be their first since 2006.

    Argentine Finance Minister Alfonso Prat-Gay is planning to meet with IMF's Christine Lagarde at the World Economic Forum in Davos, Switzerland, to discuss resuming formal ties with the international lender, according to a report published by Bloomberg.

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