MercoPress, en Español

Montevideo, June 3rd 2023 - 10:18 UTC

Tag: IMF

  • Wednesday, May 24th 2023 - 09:55 UTC

    IMF improves UK economy forecast for this year but “inflation remains stubbornly high”

    The IMF said inflation “remains stubbornly high” and that higher interest rates will need to remain in place if it is to be brought down.

    Improved prospects for the UK economy according to the latest report from the IMF. The Fund said UK is expected to avoid a recession this year, with the economy growing 0,4% in 2023, compared to the a previous forecast of a 0,3% contraction last year.

  • Monday, May 22nd 2023 - 10:23 UTC

    IMF: Uruguay excels, predicts 2% growth, 7% inflation, 8.1% unemployment in 2023

    IMF praises Uruguay's performance and anticipates 2% growth, 7% inflation and 8,1% unemployment in 2023

    The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Uruguay on May 15, 2023, with prospects for this year anticipating 2% growth, declining inflation in the range of 7%, unemployment of 8,1% and a GDP of 81 bullion US dollars.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.

  • Tuesday, May 9th 2023 - 10:55 UTC

    Talks between Argentina and IMF “progressing constructively”

    Argentina hopes the IMF makes all of its 2023 disbursements next month

    The International Monetary Fund (IMF) admitted negotiations with the Argentine Government were still going on toward a redesigning of the country's program in light of the present drought, while Casa Rosada sources agreed that “the conversations” were “progressing constructively.”

  • Tuesday, April 25th 2023 - 19:46 UTC

    Argentine gov't losing grip: peso keeps plummeting

    ”We have been experiencing an atypical situation of rumors, versions, false reports, and their consequent impact on financial instruments linked to the dollar,” Massa explained

    By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.

  • Thursday, April 6th 2023 - 10:19 UTC

    IMF says Paraguay has good macroeconomic performance

    Villafuerte visited Asunción with an IMF team from March 27 to April 4

    A statement from the International Monetary Fund (IMF) released in Asunción on Wednesday highlighted Paraguay's macroeconomic performance and underlined that the South American country met the goals set for the end of 2022, after implementing a two-year technical support program from the global agency.

  • Saturday, April 1st 2023 - 10:39 UTC

    IMF okays US$ 5.4 bn disbursement for Argentina

    ”The Board decision makes possible an immediate disbursement of US$ 5.4 billion (SDR 4 billion), bringing total disbursements under the agreement to about US$ 28.9 billion,” the IMF said.

    The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

  • Thursday, March 30th 2023 - 10:45 UTC

    Massa and Gopinath discuss IMF flexibilization and disbursement

    ”Good meeting with Minister Sergio Massa,” Gopinath said.

    Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.

  • Wednesday, March 29th 2023 - 10:53 UTC

    IMF: Central Banks must enhance transparency to build trust

    The reviews help central banks gauge their transparency and accountability, facilitating more effective communication and better-informed dialogue with lawmakers, investors, and individuals.

    By Tobias Adrian, Jihad Alwazir, Ashraf Khan and Dmytro – The Bank of Canada published a detailed summary of its Governing Council deliberations for the first time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.

  • Saturday, March 25th 2023 - 10:57 UTC

    Argentina: Human Rights groups commemorate 24M at Plaza de Mayo

    “We are honoring the memory of those who fought for a just, free, and sovereign homeland,” said Carlotto

    Human rights and leftwing militants convened Friday at Buenos Aires' iconic Plaza de Mayo to commemorate the 47th anniversary of the last military coup d'état in the country and to insist that “Never Again” should democracy be taken away from Argentines.