Tag: IMF

• Thursday, November 12th 2020 - 08:55 UTC

  IMF chief addresses Biden proposing a “greener, smarter and fairer” global economy

  

  The election of Joe Biden as US president gives the International Monetary Fund (IMF) a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan.

• Tuesday, November 10th 2020 - 09:40 UTC

  Argentina again appeals to the IMF; mission arrives for two weeks talks

  

  Argentina will seek an Extended Fund Facility (EFF) from the International Monetary Fund (IMF) to replace a failed US$ 57 billion facility, Economy Minister Guzman said on Monday, potentially buying the country more time to make repayments.

• Saturday, November 7th 2020 - 08:47 UTC

  Argentina expected to request fresh funds from IMF; mission arrives next week

  

  A mission from the International Monetary Fund will visit Argentina from Nov. 10 to begin formal negotiations for a new financing program, an IMF spokesman said on Friday.

• Wednesday, October 28th 2020 - 09:30 UTC

  Dollar strapped Argentina does not discard further financial support from IMF

  

  The Argentine representative before the International Monetary Fund, IMF, Sergio Chodos, admitted that it could be necessary for further financing from the IMF, with which Argentina is in the process of renegotiating conditions for the return of the US$ 44 billion loaned to the previous government of ex-president Mauricio Macri.

• Saturday, October 24th 2020 - 08:55 UTC

  Argentine bondholders claim government economic policies undermine investor confidence

  

  Argentine bondholder groups slammed the government over economic policies they said were undermining investor confidence in the country, which emerged from a sovereign default in September after a US$ 65 billion restructuring.

• Saturday, October 24th 2020 - 08:42 UTC

  Chileans vote on Sunday to amend a constitution which has meant stability but also elitism and privilege

  

  Chileans will go to the polls on Sunday to vote on whether they want to swap a constitution written during the Pinochet dictatorship with a new document written by a specially elected citizens' body.

• Monday, October 19th 2020 - 09:49 UTC

  IMF and top central bankers agree global economic recovery needs more public spending

  

  The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.

• Thursday, October 15th 2020 - 09:58 UTC

  Argentina is in deep recession and needs a credible roadmap, IMF chief

  

  “Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.

• 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.