Tag: IMF

• Tuesday, February 1st 2022 - 09:11 UTC

  Argentina: Máximo Kirchner resigns as Lower House majority leader

  

  The recent deal between the Argentine Government of President Alberto Fernández and the International Monetary Fund (IMF) is taking its toll on the country's political leadership front after Lower House Majority Leader Máximo Kirchner announced Monday he would resign that position.

• Wednesday, January 26th 2022 - 09:39 UTC

  Bukele needs to eliminate bitcoin as legal tender, IMF says

  

  The International Monetary Fund (IMF) has urged Salvadorean President Nayib Bukele to drop the use of bitcoin as legal tender in the country, on the grounds that there are “great risks associated” with this practice. Bukele officially adopted bitcoin last September.

• Monday, January 24th 2022 - 09:29 UTC

  IMF chief warns indebted countries on Fed's announced policy of higher rates

  

  The IMF managing director warned that interest rate hikes by the Federal Reserve could have serious implications for counties with high levels of debt in dollars, “cold water” on already weak economic recoveries, or in the process of negotiating debts.

• Thursday, January 20th 2022 - 09:52 UTC

  Soap opera foreign policy: US tells Argentina keep up negotiations with IMF

  

  Last October when Argentine president Alberto Fernandez left for Rome to the G20 leaders' summit, his office informed that he was expecting to meet with US president Joe Biden to among other issues address support for Argentina in its ongoing exhausting negotiations with the IMF.

• Wednesday, January 19th 2022 - 09:50 UTC

  Argentine FM holds meetings in DC as planned

  

  Argentine Foreign Minister Santiago Cafiero was told Tuesday in Washington DC by his colleague, Secretary of State Anthony Blinken, that the United States “strongly supported negotiations with the IMF.”

• Tuesday, January 18th 2022 - 09:59 UTC

  Argentine FM in Washington DC seeking support for new IMF deal

  

  Argentine Foreign Minister Santiago Cafiero is on a diplomatic mission to Washington DC where he is to hold meetings with US Secretary of State Anthony Blinken and with House Speaker Nancy Pelosi in a move aimed at gathering some support ahead of new negotiations with the International Monetary Fund (IMF).

• Tuesday, January 11th 2022 - 13:45 UTC

  Emerging Economies Must Prepare for Fed Policy Tightening

  

  IMF Blog by Stephan Danninger, Kenneth Kang and Helene Poirson (*) – For most of last year, investors priced in a temporary rise in inflation in the United States given the unsteady economic recovery and a slow unraveling of supply bottlenecks.

• Monday, January 10th 2022 - 09:41 UTC

  British economist becomes new IMF Senior resident representative in Argentina

  

  Argentine ambassador in Washington, Jorge Argüello has reported he received the visit of British economist Ben Kelmanson, appointed the new IMF Senior resident representative in Argentina, who will be involved in the delicate debt negotiations for the coming years.

• Thursday, January 6th 2022 - 22:11 UTC

  Black Thursday for Argentina's economy – no agreement with IMF

  

  Argentine President Alberto Fernández and Economy Minister Martín Guzmán agreed not to give in to additional demands from the International Monetary Fund (IMF) regarding the US $ 44 billion loan from the previous national administration.

• Saturday, December 18th 2021 - 09:02 UTC

  Global Debt Reaches a Record US$226 Trillion

  

  By Vitor Gaspar, Apulo Medas, and Roberto Perrelli (*) – In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to US$ 226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt levels, new virus mutations, and rising inflation.