The Managing Director of the International Monetary Fund, Kristalina Georgieva, met this week with Sergio Massa, Minister of Economy of Argentina, in Washington D.C. The meeting took place after a fruitful week of face-to-face technical meetings in the context of the second review of the program under the IMF’s Extended Arrangement with Argentina. After the meeting, Ms. Georgieva issued the following statement:
Given the improved performance of Latin America's largest economies, particularly Brazil, Mexico, Colombia and Chile, the IMF has raised the 2022 growth projection for the Latam and the Caribbean.
The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.
Hardline Kirchnerite Senator Juliana Di Tullio has demanded Argentine police play a deeper role in chasing currency exchange parlors where US dollars are traded at the unofficial “blue” rate of around AR$ 337.
The United States Ambassador to Buenos Aires Marc Stanley insisted there would be no special treatment for Argentina following President Alberto Fernández Government's request to cut down the International Monetary Fund (IMF) surcharge.
The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.
An IMF mission recently visited Uruguay to discuss with local authorities economic developments, including recovery from the pandemic, the war in Ukraine and the country's policy priorities. The report released on return of the IMF mission to Wahsington pointed out that the economic recovery continues at a firm pace supported by high agricultural commodity prices and strong investment.
The International Monetary Fund (IMF) has wired US$ 3,980 million to Argentina, thus boosting the country's reserves to US$ 42,139 million, it was reported in Buenos Aires.
IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.
The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying the work he did was impressive.