Tag: IMF Argentina

• 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.

• Saturday, July 6th 2019 - 09:35 UTC

  IMF expected to release the next US$ 4.5bn disbursement to Argentina in mid July

  

  The International Monetary Fund reached an agreement with Argentina that will allow release of the next US$5.4 billion disbursement under the loan program intended to help stabilize the nation’s economy.

• Thursday, June 6th 2019 - 09:59 UTC

  Lagarde admits underestimating the Argentine economic situation

  

  The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.

• Friday, April 12th 2019 - 09:49 UTC

  IMF: “foolish” for Argentine presidential candidates to abandon the program

  

  Argentina’s economic reform program is beginning to show results, so it would “foolish” for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.