Tag: IMF

• Thursday, March 26th 2020 - 08:01 UTC

  World Bank and IMF call on bilateral creditors to suspend payments from poor countries

  

  The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:

• Tuesday, March 24th 2020 - 10:03 UTC

  With the pandemic, Argentina has “a thousand more reasons” to delay debt payments

  

  Argentina does not plan to resume debt payments to the International Monetary Fund (IMF) for five years, buying time to pull the economy out of a worsening recession after the coronavirus outbreak led the government to impose a stay-at-home order until the end of March which also put the brakes- on activity

• Saturday, March 21st 2020 - 09:24 UTC

  IMF's technical guidance on Argentine public debt sustainability

  

  At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released on Friday a technical note prepared by IMF staff on Argentina’s public debt sustainability.

• Friday, March 20th 2020 - 09:43 UTC

  Argentina successfully rolls over local bonds in Pesos

  

  Argentina’s economy ministry said on Thursday it had exchanged around 257 billion pesos (US$ 4 billion) in a debt swap for new instruments maturing between 2021-2024, as the government looks to restructure its debt amid a credit crunch.

• Wednesday, March 18th 2020 - 07:24 UTC

  IMF rejects Maduro's request for coronavirus aid loan: who runs Venezuela?

  

  The International Monetary Fund has quickly rejected a surprise request on Tuesday by Venezuela for an emergency US$ 5 billion loan to fight the new coronavirus, which threatens to push its already battered economy over the edge.

• Wednesday, March 18th 2020 - 07:20 UTC

  Policy Action for a Healthy Global Economy

  

  By Kristina Georgieva (*) – While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.

• Monday, March 9th 2020 - 07:24 UTC

  Guyana elections results blocked by the country's top court

  

  Guyana’s top court on Sunday upheld an injunction blocking the elections commission from proclaiming a winner in this month’s presidential election, delaying the results of a vote that has been marred by accusations of fraud.

• Friday, March 6th 2020 - 11:00 UTC

  IMF has held “productive talks” in Buenos Aires and leaves this Friday

  

  An International Monetary Fund team currently in Argentina has held “productive” talks with local officials, a spokesman said on Thursday, though there was little detail on concrete progress about reaching a deal over the country’s debt crisis.

• Thursday, March 5th 2020 - 08:52 UTC

  IMF chief calls for an all-out response to the coronavirus epidemic serious threat

  

  IMF chief Kristalina Georgieva on Wednesday called for an all-out, “no regrets” response to the new coronavirus epidemic which poses a “serious threat” to the global economy.

• Thursday, February 27th 2020 - 08:15 UTC

  The Challenges of Argentina’s Debt Renegotiation

  

  By Jose Antonio Ocampo (*) – By affirming that Argentina's public-sector debt is unsustainable, the International Monetary Fund has taken a critical step toward resolving the country's long-running crisis. Moving forward, one hopes that the Fund will realize its own role in the latest crisis and follow its own advice on when to pursue capital-market liberalization.