Tag: IMF

• 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.

• Monday, February 24th 2020 - 07:59 UTC

  Argentina will allow IMF to inspect its accounts under Article IV consultations

  

  Argentina agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country’s debt situation had become “unsustainable”.

• Thursday, February 20th 2020 - 08:55 UTC

  Coronavirus “is our most pressing uncertainty...” for the global economy, admits IMF chief

  

  In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said on Wednesday.

• Wednesday, February 19th 2020 - 06:45 UTC

  IMF chief: we are rethinking our advice to emerging markets

  

  We need to understand better how various policy options interact our goal is to provide country-specific advice on the appropriate mix of policies needed to preserve growth and financial stability

• Tuesday, February 18th 2020 - 06:55 UTC

  IMF chief denies any haircut on the Argentine loan; Alberto Fernandez questions the decision

  

  The International Monetary Fund, as the lender of last resort, won’t offer a haircut on its Argentina loan after Vice President Cristina Fernandez de Kirchner called on the institution to take a loss.

• Tuesday, February 18th 2020 - 06:32 UTC

  FT: “Argentina needs a plan for investment-led growth”

  

  The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival”