Tag: IMF

• Tuesday, October 12th 2021 - 09:20 UTC

  IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

  

  The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.

• Thursday, October 7th 2021 - 09:50 UTC

  IMF praises Uruguay's handling of the pandemic and forecasts 3,4% recovery this year

  

  The IMF elaborated and presented this month a preliminary statement on the situation of the Uruguayan economy based on Article IV mission findings.

• Wednesday, October 6th 2021 - 19:22 UTC

  A Coup Attempt at the IMF

  

  By Joseph E. Stiglitz (*) - Kristalina Georgieva, the IMF's Managing Director since 2019, has been a bold leader in confronting the economic fallout of the pandemic, as well as in positioning the Fund as a global pioneer on climate change. The efforts now underway to remove her are not only unjust but could hamstring the Fund's management for years to come.

• Friday, October 1st 2021 - 09:33 UTC

  Fear reigns among Venezuelans as six more zeros are to be removed from local currency

  

  Unrest reigned Thursday among Venezuelans as Friday's monetary reconversion which will remove six zeros from “sovereign bolivars” loomed over, prompting the exchange rate with the US dollar to skyrocket.

• Thursday, September 23rd 2021 - 09:52 UTC

  Argentina makes payment to IMF and strives to stay afloat

  

  While Argentine President Alberto Fernández described his country's situation facing the International Monetary Fund (IMF) as “decide” before the United Nations, a US 1,885 million dollar capital payment was made Wednesday to the global organization.

• Thursday, September 23rd 2021 - 09:25 UTC

  IMF's report on Brazil: performance better than expected; GDP projected to expand 5,3% this year

  

  On September 10, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Brazil. Economic performance has been better than expected, in part due to the authorities’ forceful policy response. GDP regained its pre-pandemic level in 2021Q1 and momentum continues to be favourable, supported by booming terms of trade and robust private sector credit growth.

• Tuesday, September 21st 2021 - 09:37 UTC

  Argentine President appoints new ministers; measures coming up in coming days

  

  Argentine President Alberto Fernández Monday took the oath of office to the new members of his cabinet, with whom he intends to reconfigure his Government following a resounding loss at September 12's Mandatory, Open and Simultaneous (PASO) elections and its following political crisis.

• Tuesday, September 21st 2021 - 08:46 UTC

  Argentina will pay IMF US$ 1,9bn plus interests on Wednesday, but no budget funds contemplated in 2022

  

  In the midst of the critical situation that emerged following the results of Sunday 12 September primary election, and the cabinet reshuffle a week later, the government of Argentine president Alberto Fernandez nevertheless confirmed that this week it will honor a US$ 1,9bn repayment plus interests to the IMF.

• Saturday, September 18th 2021 - 09:00 UTC

  IMF chief Georgieva faces ethics committee over her role when in the World Bank

  

  IMF Managing Director Kristalina Georgieva has stated she disagrees fundamentally with the findings and interpretations of an investigation of alleged irregularities she committed when she held a senior role at the World Bank.

• Thursday, September 9th 2021 - 09:24 UTC

  Ecuador and IMF reach agreement for disbursement of frozen US$ 6bn funds

  

  Ecuador and the International Monetary Fund, IMF, finally reached a technical agreement involving 6 billion US dollars, according to the country's economy minister Simon Cueva. The accord must still be approved by the IMF governing board but will unblock “international funds”, which have been frozen for months.