Tag: IMF

• Wednesday, October 14th 2020 - 09:27 UTC

  Argentine economy to fall 11.8% in 2020 and rebound 4.9% in 2021, according to IMF

  

  The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called “A long and difficult road uphill”, where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.

• Tuesday, October 13th 2020 - 09:01 UTC

  Oxfam claims IMF's loans during the pandemic have worsen poverty and inequality

  

  The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.

• Monday, October 12th 2020 - 09:34 UTC

  IMF mission concludes a preliminary “exploratory” visit to Argentina

  

  An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.

• Tuesday, October 6th 2020 - 09:35 UTC

  IMF admits Brazil's economy is doing better than forecasted, but warns about debt and a second Covid-19 wave

  

  Brazil's economy is set to shrink by 5.8% in 2020, the International Monetary Fund said on Monday, revising up an earlier forecast but warning the country faced “exceptionally high” risks.

• Friday, October 2nd 2020 - 09:51 UTC

  IMF mission expected next week in Argentina, announced minister Guzmán

  

  Argentina's Economy Minister Martin Guzman said on Thursday that a mission from the International Monetary Fund will arrive in the country next week as the country looks to negotiate a new program with the organization.

• Wednesday, September 16th 2020 - 07:56 UTC

  New IDB president pledges to help Argentina with the “long arduous” IMF negotiations

  

  Mauricio Claver-Carone, the White House official elected to lead Latin America’s regional development bank, said he aims to play a constructive role in Argentina’s negotiations with the International Monetary Fund.

• Wednesday, September 9th 2020 - 09:50 UTC

  S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

  

  Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.

• Tuesday, September 1st 2020 - 08:57 UTC

  Argentina restructures 99% of US$ 66bn debt issued under foreign legislation: now IMF and debt in local legislation

  

  Recession-hit Argentina has managed to restructure 99% of US$ 66 billion in debt issued under foreign legislation, Economy Minister Martin Guzman announced on Monday.

• Thursday, August 27th 2020 - 08:43 UTC

  Argentina notifies IMF of a request for a new fund arrangement

  

  IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:

• Wednesday, August 12th 2020 - 09:59 UTC

  Investors are now focused on the IMF and Argentina’s fiscal policy, “which has been hard to come by”

  

  After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.