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MercoPress, en Español

Montevideo, May 20th 2025 - 21:43 UTC

Tag: IMF

  • Tuesday, May 13th 2025 - 09:37 UTC

    Fitch ups Argentina's grading by one notch

    Disinflation under La Libertad Avanza “already exceeded our previous expectations,” Fitch underlined

    Fitch Ratings upgraded Argentina's long-term foreign currency debt rating from CCC to CCC+, citing the rapid economic recovery under President Javier Milei. Key factors include a new US$ 20 billion International Monetary Fund (IMF) agreement, with an initial US$ 12 billion disbursement boosting reserves to US$38 billion, and the liberalization of the exchange market an AR$ 1,000 / AR$ 1,400 band per US dollar.

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  • Wednesday, April 23rd 2025 - 10:59 UTC

    IMF revises region's growth downwards amid US tariff war

    The IMF adjusted its GDP growth forecast for Brazil downward for 2025 to 2.0% from 2.2%

    The International Monetary Fund's (IMF) April 2025 Global Economic Outlook, released Tuesday in Washington, revised global and regional economic forecasts downward due to the US-initiated trade war and associated uncertainties.

  • Friday, April 11th 2025 - 22:54 UTC

    Argentina announces end of currency controls and introduces exchange rate band

    Economy Minister Luis Caputo said in a press conference at the Casa Rosada that the official exchange rate will now float between 1,000 and 1,400 pesos per US dollar

    The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.

  • Wednesday, April 2nd 2025 - 10:45 UTC

    Milei announces new trip to US to seek help

    Milei meeting with Trump to speed up negotiations with the IMF is expected but not confirmed

    Argentine President Javier Milei is set to travel to the United States again late Wednesday after the April 2 Malvinas Veterans' Day ceremony, probably to meet his local colleague, Donald Trump, at the latter's Mar-a-Lago residence. However, this encounter has not been confirmed.

  • Wednesday, March 26th 2025 - 12:16 UTC

    Argentina's case before the IMF advancing rapidly

    The IMF would not be so keen on letting the BCRA step in at will to keep doown the US dollar exchange rate

    According to International Monetary Fund (IMF) sources, negotiations with Argentina are in an advanced stage after a meeting between the credit agency's board of directors and technical staff on Tuesday. Further details are expected to be announced at a press conference on Thursday by IMF Spokeswoman Julie Kozack.

  • Thursday, March 20th 2025 - 10:51 UTC

    Argentina's Lower House greenlights Milei's IMF emergency decree

    Most lawmakers “understood the mandate of the ballot boxes,” Casa Rosada said after the outcome

    Argentina's Lower House Wednesday gave its nod to President Javier Milei's Emergency Decree (DNU) clearing the way for further borrowing from the International Monetary Fund (IMF) to reinforce Central Bank reserves and manage debt by 129 votes in favor, 108 against, and 6 abstentions with endorsements from the ruling La Libertad Avanza (LLA) as well as other parties, such as PRO, UCR, Coalición Cívica, Innovación Federal, Producción y Trabajo, and a group of Encuentro Federal lawmakers. Opposition came primarily from the Peronist Unión por la Patria (UxP), leftwing groups, and other minor factions.

  • Wednesday, March 19th 2025 - 10:55 UTC

    Peronists oppose Milei's intention to take another loan from the IMF

    Milei's DNU circumvented his duty to have Congress approve indebting the country, the PJ argued

    Argentina's Justicialist [Peronist] Party (PJ) led by former President Cristina Fernández de Kirchner (CFK) Tuesday expressed its rejection of President Javier Milei's Emergency Decree (DNU) 179/25 clearing the way for further borrowing from the International Monetary Fund (IMF) with no Congressional approval. The PJ deemed the initiative “illegitimate” and unconstitutional on the grounds that it violated Law 27.612, which requires the Executive to submit full IMF agreement details to Congress, and Article 75 of the National Constitution, which assigns Congress the authority to manage national debt.

  • Tuesday, March 11th 2025 - 10:05 UTC

    Opposition lawmakers file criminal case against Milei over IMF loan decree

    Milei's DNU is in violation, in the first place, of constitutional clauses, lawmakers such as Victoria Tolosa Paz argued

    A group of opposition lawmakers filed a criminal complaint against Argentine President Javier Milei for signing an Emergency Decree (DNU) to enable a new ten-year agreement with the International Monetary Fund (IMF) aimed at canceling non-transferable Treasury bills held by the Central Bank (BCRA). The decree bypassed the traditional legislative process of sending a bill to Congress, which Economy Minister Luis Toto Caputo said was necessary given the urgent need for IMF support.

  • Monday, March 10th 2025 - 09:08 UTC

    IMF praises Guyana's environmental initiatives

    The IMF commended Guyana’s multifaceted approach to sustainable development

    The International Monetary Fund (IMF) has praised Guyana for its pioneering climate policies and efforts to enhance its energy matrix, promote sustainable growth, and foster economic diversification. The global credit agency highlighted the South American country's Climate Policies and Sustainable Development, Energy Transition, Economic Diversification and Workforce Development, and Inclusive Growth and Investment.

  • Friday, March 7th 2025 - 10:53 UTC

    Argentina to okay IMF loan through a presidential decree

    The IMF said congressional approval was not necessary but would nevertheless speed the Board's nod

    Argentine President Javier Milei plans to issue an Emergency Decree (DNU) to approve the new loan to be agreed upon with the International Monetary Fund (IMF), the Casa Rosada announced Thursday. As mandated by law, each DNU needs congressional approval to not be stricken. The new deal seeks to cancel National Treasury debt to the Central Bank, reducing total public debt and strengthening the Central Bank's balance sheet and subsequently lifting the so-called exchange stocks.

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