Tag: IMF

• 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.

• Wednesday, April 15th 2020 - 10:02 UTC

  IMF approves immediate debt relief for 25 of the poorest country members

  

  IMF Managing Director Ms. Kristalina Georgieva announced that the Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.