Tag: IMF Argentina

• 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.

• Friday, March 22nd 2019 - 09:00 UTC

  Argentine economy contracted 2.5% in 2018, after shrinking 6.2% in fourth quarter

  

  Argentina’s economy contracted 2.5% in 2018, the official statistics agency said on Thursday, as the Latin American country’s leaders struggle to revive growth after being rattled by a currency crisis and steep inflation over the past year.

• Wednesday, September 12th 2018 - 08:55 UTC

  Argentina's central bank keeps key interest rate at 60%

  

  Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.

• Saturday, August 18th 2018 - 07:00 UTC

  Macri anticipates more Argentines will fall into poverty this year

  

  More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said on Friday, as the country's economy slides toward recession following a currency crisis and a severe drought that harmed farm output.

• Thursday, May 31st 2018 - 07:11 UTC

  Coca Cola supports Macri with US$ 1.2bn, 2019/2021, investment pledge

  

  Coca-Cola announced it would increase its investments in Argentina over the next three years, giving embottled President Mauricio Macri’s government a boost at a difficult time.

• Thursday, October 6th 2016 - 12:24 UTC

  Argentina forecasted to grow 2.7% in 2017, but his year is of contraction and costly reforms, says IMF

  

  The latest IMF World Economic Outlook report anticipates that Argentina’s economic contraction will amount to 1.8% this year, fiercer than the IMF’s last forecast of a 1% decline. Inflation, meanwhile, will hover at around 40%, above government estimates, the Fund said.