Tag: IMF

• Friday, September 3rd 2021 - 09:49 UTC

  IMF says Argentina needs to gradually lift currency exchange restrictions

  

  The International Monetary Fund Thursday called for a “credible and solid” plan on the part of Argentina and recommended the country gradually loosened all restrictions on foreign currency exchange.

• Tuesday, August 24th 2021 - 09:34 UTC

  IMF largest allocation of SDRs, US$650 billion comes into effect; Ms Georgieva calls for wise use of funds

  

  The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced on Monday the largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion— and described the operation as a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis.

• Tuesday, August 3rd 2021 - 08:59 UTC

  IMF okays SDRs for countries beleaguered under the covid-19 pandemic

  

  The International Monetary Funda's (IMF) Board of Directors Monday approved the disbursement of SDRs for a total amount of US $ 650,000 million as a relief measure amidst the coronavirus pandemic.

• Wednesday, June 23rd 2021 - 09:46 UTC

  Argentina skips default thanks to agreement with Paris Club

  

  Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.

• Thursday, June 10th 2021 - 09:30 UTC

  Bitcoin legal tender in El Salvador, first country ever

  

  The Parliament of El Salvador has passed with 62 out of 84 votes a bill submitted by President Nayib Bukele to classify Bitcoin as legal tender, thus becoming the first country in the world to adopt a cryptocurrency. Its use as legal tender will go into law in 90 days.

• Tuesday, June 1st 2021 - 09:38 UTC

  Israel demands explanations for Argentina's vote at UN in favor of human rights probe

  

  The Government of Israel Monday summoned Argentina's ambassador to Tel Avil Sergio Urribarri following the South American country's vote at the United Nations (UN) to create a Commission to investigate the “alleged violations of human rights in Israel and the Gaza Strip.”

• Thursday, May 27th 2021 - 09:30 UTC

  IMF report praises Uruguay's economy and answer to the covid-19 crisis

  

  The International Monetary Fund (IMF) has audited Uruguay's economy and was full of words of praise for the South American country, it was reported Wednesday

• Wednesday, May 26th 2021 - 08:55 UTC

  Covid-19 deals 10-year setback to Latin America income levels, IMF top official says

  

  The International Monetary Fund (IMF)'s Director of the Western Hemisphere Department Alejandro Werner has said that the current coronavirus pandemic will result in a 10-year setback to the income levels of the region.

• Saturday, May 15th 2021 - 09:39 UTC

  Argentine President tells IMF head no more efforts from Argentine people acceptable

  

  Argentine President Alberto Fernández Friday rounded up his one-week European tour with meetings in Rome with International Monetary Fund (IMF) Director Kristalina Georgieva and former US Secretary of State John Kerry before flying back to Buenos Aires.

• Friday, May 14th 2021 - 09:27 UTC

  Argentine President meets Italian PM, the Pope and a top World Bank official

  

  Argentine President Alberto Fernández Thursday met with his Italian counterpart, Sergio Mattarella, with Prime Minister Mario Draghi and with Pope Francis in another stop of his one-week European tour.