Tag: IMF

Friday, May 22nd 2020 - 08:37 UTC
IMF optimistic Argentina and creditors can reach an agreement

The International Monetary Fund expressed optimism that Argentina can reach an agreement with private creditors “to establish a sustainable path in the future” when the government of President Alberto Fernandez formally extended the deadline term to reach an understanding on the US$ 67 billion debt.
Saturday, May 16th 2020 - 07:57 UTC
IMF calls on digital companies' responsible behavior as the “big winners from the pandemic”

The technology companies that are reaping gains as a result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.
Thursday, May 14th 2020 - 08:15 UTC
Chile requests IMF US$ 23,8 billion, under the Flexible Credit Line

The International Monetary Fund (IMF) Executive Board met on Wednesday in an informal session to discuss a request from the Chilean authorities for a two-year arrangement under the Flexible Credit Line (FCL) with the IMF in an amount equivalent to SDR 17.443 billion (about US$23.8 billion or 1,000 percent of quota).
Wednesday, May 13th 2020 - 07:55 UTC
Modest optimism Argentina and bondholders can strike a deal by 22 May

Argentine bonds jumped on Tuesday as the country’s government and creditors sought to strike a deal to restructure US$ 65 billion in foreign debt by May 22 after an initial deadline passed last week without a pact.
Thursday, April 30th 2020 - 08:21 UTC
Paraguay one of the countries to first bounce back after post coronavirus

Mercosur member Paraguay has a high likelihood of bouncing back best once the novel coronavirus is contained, Rebeca Grynspan, head of the Ibero-American General Secretariat (SEGIB), told Radio Nacional del Paraguay on Thursday.
Wednesday, April 29th 2020 - 07:56 UTC
Argentina's debt restructure haircut proposal “is not enough” and will have to be revisited, says ex IMF economist

Argentina’s latest effort to restructure its overseas debt probably won’t be its last, according to ex IMF advisor and Harvard University economist Carmen Reinhart, who has sounded alarms overcoming emerging markets crises in Venezuela and Turkey.
Friday, April 24th 2020 - 08:55 UTC
IMF holding productive talks with Argentina; expects an accord with private creditors can be reached

The International Monetary Fund’s discussions with Argentina have been very productive and the fund is willing to do whatever it can to help get the Argentine economy back on a solid footing, an IMF official told reporters.
Thursday, April 23rd 2020 - 08:46 UTC
The Short-term Liquidity Line: A New IMF Tool to Help in the Crisis

By Geoffrey Okamoto – The COVID-19 pandemic has severely disrupted the global economy at every level. Across the world, financial conditions have tightened dramatically, with unprecedented portfolio outflows from emerging markets in terms of both size (a record of about US$100 billion) and speed, and markets effectively frozen in some cases. This has created sizable demand for U.S. dollar liquidity, with emerging markets facing sharp liquidity shortages.
Tuesday, April 21st 2020 - 10:00 UTC
UK and EU resume a week long round of Brexit trade talks; IMF concern, urges extension of deadline

British and European Union (EU) officials restarted on Monday a week-long round of Brexit trade talks after a break because of the coronavirus, which is making an end-of-year deal look even more unlikely. After a first-round in early March negotiations were suspended for six weeks as officials focused on the deadly virus sweeping Europe.
Thursday, April 16th 2020 - 11:04 UTC
IMF fears social unrest could erupt if measures to mitigate pandemic are seen as unfair or insufficient

New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday.