International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.
Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.
The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.
Argentina's Cabinet Chief Nicolás Posse and Economy Minister Luis Toto Caputo are to meet in Buenos Aires with a delegation from the International Monetary Fund (IMF) on Thursday, Presidential Spokesman Manuel Adorni confirmed Tuesday.
Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.
Inter-American Development Bank (IDB) President Ilan Goldfajn said his entity has supported Argentina for many years and decades and will continue to do so after President Javier Milei's administration adopted a series of measures he found to be strong.
After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”
International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a strong and credible Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.
Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.
The International Monetary Fund (IMF) foresees a 2.5% drop in Argentina's GDP and warned that the program between the South American country and the credit agency was in a critical state, barely over one week ahead of the presidential elections.