Tag: IMF Argentina

• Thursday, April 4th 2024 - 21:31 UTC

  IMF praises Milei's achievements but says social and political support needed

  

  International Monetary Fund (IMF) Communications Director Julie Kozack praised the “impressive” achievements of President Javier Milei's administration in curbing inflation in Argentina but warned that “it remains important to work pragmatically to build social and political support to help ensure the durability and effectiveness of the reforms” implemented.

• Sunday, October 31st 2021 - 08:36 UTC

  President Fernández says Argentina's debt a clear example of what is wrong

  

  Argentine President Alberto Fernández Saturday underlined before the G20 Summit plenary in Rome that his country's debt with the International Monetary Fund (IMF) was “a clear example of what is wrong” in the international financial system.

• Monday, October 11th 2021 - 19:39 UTC

  Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

  

  The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.

• Saturday, February 22nd 2020 - 10:08 UTC

  Argentina economy shrinks two years running, 2.1% in 2019 after 2.5% in 2018

  

  Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.

• Monday, February 3rd 2020 - 09:42 UTC

  Argentine president meets Angela Merkel Monday evening and on Tuesday will be in Spain

  

  Argentine president Alberto Fernandez and his delegation are in Germany where they arrived Sunday morning and on Monday evening will be received by Chancellor Angela Merkel.

• Tuesday, August 27th 2019 - 20:52 UTC

  IMF meets Argentine opposition leader: “constructive talks”, but the Fund is blamed for the current situation

  

  A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October's presidential election, according to a spokesman for Fernandez.

• Thursday, August 22nd 2019 - 09:55 UTC

  Argentina default “possible”, but not “probable”, says credit rating agency Fitch

  

  Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.

• Monday, August 19th 2019 - 08:58 UTC

  Fernandez wants to renegotiate IMF loan terms, in current conditions Argentina can't repay its debts

  

  Opposition candidate, Alberto Fernandez, said that Argentina would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms, according to an interview published on Sunday by the newspaper Clarin.

• Sunday, August 18th 2019 - 10:09 UTC

  Macri reshuffles cabinet: Argentina has a new Economy minister

  

  Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.

• Wednesday, August 14th 2019 - 09:08 UTC

  What will be the IMF's reaction to the new Argentine political scenario?

  

  Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in party primaries.