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Montevideo, January 31st 2023 - 15:57 UTC

Tag: IMF

  • Thursday, January 19th 2023 - 09:59 UTC

    IMF and IDB willing to help Brazil manage spending cap

    Economists, scholars, and specialists will be summoned to give their opinion about this, Haddad said

    Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.

  • Friday, January 13th 2023 - 10:24 UTC

    Poorer harvests heralded due to bad weather would mean fewer dollars for Argentina

    “The fall in exports could vary between 21% or 33%,” it was reported

    Argentina's Agriculture exports are expected to drop by US$ 14,000 million due to the recent drought, according to projections from the Buenos Aires Grain Exchange released this week in Buenos Aires. The new figures might have an impact on the country's Gross Domestic Product (GDP) of between 1.1% and 1.8%.

  • Tuesday, January 3rd 2023 - 10:19 UTC

    This year will be tougher than 2022, IMF's Georgieva forecasts

    “This recession will be devastating for highly indebted countries,” Georgieva explained

    With the world's three major economies -the United States, the European Union, and China- slowing down simultaneously, 2023 will be “tougher than the year we left behind,” International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva said during an interview with CBS. She also heralded in Washington that “a third of the world economy will be affected by a recession.”

  • Friday, December 23rd 2022 - 18:21 UTC

    Argentina's Central Bank reserves up after IMF disbursements

    “Continued decisive policy actions are beginning to bear fruit,” Gita Gopinath said

    Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.

  • Friday, October 14th 2022 - 10:08 UTC

    IMF experts foresee economic slowdown in the region for 2023

    Inflation remains the main problem, Goldfajn explained

    Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.

  • Thursday, October 13th 2022 - 20:57 UTC

    IMF Chief praises Argentine gov't

    “Our commitment is with the people of Argentina,” Georgieva insisted

    International Monetary Fund Managing Director Thursday praised the commitment of Argentine President Alberto Fernández's administration to comply with the debt-repayment program agreed upon.

  • Thursday, October 13th 2022 - 09:56 UTC

    IDB grants Argentine US$ 700 mn loan

    “This disbursement helps to strengthen Argentine reserves,” Massa said

    Argentina is to receive US$ 700 million to increase the Central Bank's reserves after the IDB Board of Directors agreed Wednesday to a Special Development Financing (SDL) package in light of Superminister Sergio Massa's presence in Washington DC for the annual meeting of the International Monetary Fund (IMF) and the World Bank.

  • Wednesday, October 12th 2022 - 09:26 UTC

    IMF anticipates recession in Germany and Italy next year and an almost halt for the UK economy

    In an update to its World Economic Outlook, IMF said the German economy was expected to shrink 0.3% in 2023. It previously forecast 0.8% growth

    The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.

  • Tuesday, October 11th 2022 - 10:29 UTC

    World Bank, IMF heads foresee recession ahead

    Malpass and Georgieva’s remarks came in a live-streamed discussion

    The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

  • Saturday, October 8th 2022 - 10:05 UTC

    Argentina passes IMF test, gets US$ 3.8 billion

    The Argentine Government expects another US$ 5.8 billion from the IMF soon

    The International Monetary Fund's Board of Directors Friday approved the 2022 second semester review, thus clearing the way for a US$ 3.8 billion disbursement in favor of Argentina.