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MercoPress, en Español

Montevideo, March 22nd 2026 - 15:48 UTC

Tag: Christine Lagarde

  • 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.

  • Friday, June 8th 2018 - 07:30 UTC

    IMF and Argentina agree on a 36-month US$ 50bn Stand-By Arrangement

    Christine Lagarde said the plan is owned and designed by the Argentine government, aimed at strengthening the economy for the benefit of all Argentines

    The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.

  • Saturday, May 26th 2018 - 09:29 UTC

    Protectionism the “darkest cloud” for the solid upswing of the global economy

    “The good news today is that the sun is shining on the global economy”, after a decade of difficult time, the economy that is doing well, Lagarde said

    The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.

  • Saturday, May 26th 2018 - 09:11 UTC

    IMF/Argentina discussions to stabilize the economy are “progressing well”

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously”, Ms Lagarde said

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously and efficiently in order to change the perception about Argentina and the perception that people have about our role,” Ms Lagarde said in Russia.

  • Friday, May 11th 2018 - 05:39 UTC

    IMF and White House support Macri's economic reform program

    “I stressed my strong support for Argentina's reforms to date, and expressed the Fund's readiness to continue to assist the government,” Lagarde said

    International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

  • Wednesday, May 9th 2018 - 07:32 UTC

    Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

    “This will allow us to face the new global scenario and avoid a crisis like the ones we have faced before in our history,” President Macri said in a televised address

    Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

  • Saturday, May 5th 2018 - 07:24 UTC

    Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

    Analysts said the move suggested the Central Bank had done enough for now to stabilize the peso.

    Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

  • Tuesday, April 24th 2018 - 07:22 UTC

    IMF forecasts Argentina will grow 2% this year because of the drought and fiscal shortcomings

    Central Bank Governor Federico Sturzenegger has indicated that if the inflation rate stays high, interest rates will be going back up in order to meet the 15% target.

    The International Monetary Fund’s (IMF) World Economic Outlook update for April 2018 has reduced its expectations of growth for Argentina this year, and its projected annual inflation rate largely exceeds the 15% goal set by president Mauricio the Macri administration in December 2017.

  • Wednesday, March 21st 2018 - 06:41 UTC

    Lagarde insists at financial G20: “we should fix the roof while the sun shines”

    “Reform is all the more important because the cyclical forces carrying current growth will eventually wane and medium-term prospects remain weak”

    IMF Managing Director Christine Lagarde at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting in Buenos Aires, reiterated praise for Argentina president Mauricio Macri gradual economic policies, and called on the need for reform in the more advanced economies to ensure sustained, solid growth.