Argentine President Javier Milei met Tuesday in Rio de Janeiro on the sidelines of the G20 Summit with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to negotiate a new disbursement from the credit agency to boost the South American country's coffers. Also participating in the meeting were Ministers Gerardo Werthein (Foreign Affairs) and Luis Toto Caputo (Economy), among other officials
Add your comment!Argentina's Economy Minister Luis Toto Caputo met Thursday in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who then announced that “we have an objective, which is to think together, as a single team, what is best for Argentina”.
The International Monetary Fund (IMF) announced Friday a series of cuts on overcharges to countries heavily in debt, which, albeit moderate, could benefit Argentina among other nations. Such an initiative had been resisted in the past by Washington and other G7 nations but things have changed considerably at a global level.
According to the World Economic Outlook released Tuesday by the International Monetary Fund (IMF), Argentina's inflation in 2024 is expected to reach 149.4%. The study also forecasted that the country's economy would fall by 2.8% this year only to bounce back in 2025 by 5%. The Consumer Price Index (CPI) would be dropping to 45%.
Europe's strongest economy is expected to grow by 0.2%, 0.3 percentage points less than it estimated in its January outlook, according to the latest report from the International Monetary Fund, IMF, on Germany. This is also the weakest among the G7 group of industrialized nations.
The Board of Directors of the International Monetary Fund (IMF) Friday confirmed that Bulgarian Economist Kristalina Georgieva would remain as the agency's managing director for another five-year term starting on Oct. 1, 2024. The announcement came as no surprise since Georgieva was the only candidate under consideration.
Brazilian President Luiz Inácio Lula da Silva Monday suggested International Monetary Fund (IMF) Managing Director Kristalina Georgieva should move on with the reform of the credit agency, among other issues they discussed during their “good conversation” in Brasilia where they also reviewed “social inclusion” and the “Poverty in the world” project.
Argentina's Luis 'Toto' Caputo and International Monetary Fund (IMF) Managing Director Kristalina Georgieva met Wednesday in Sao Paulo on the sides of the two-day G20 summit of Economy Ministers. The gathering took place less than a week after the visit to Buenos Aires of the IMF Managing Director Gita Gopinath, with whom Caputo and President Javier Milei discussed a new agreement on the South American country's debt.
President Javier Milei and International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Thursday discussed Argentina's course of action under the Libertarian's leadership during a meeting at Casa Rosada, it was reported from Buenos Aires. Gopinath said she had an excellent and substantive meeting with President Milei on the best way to move the country forward. Also Thursday, she got together with Cabinet Chief Nicolás Posse and Interior Minister Guillermo Francos.
The new government of Argentine president Javier Milei and its austerity policies to try and put the country's economy back on track received a strong boost from the International Monetary Fund, IMF, which approved the disbursement of US$ 4,7 billion.