Tag: IMF

Friday, December 20th 2019 - 09:46 UTC
IMF releases loan tranche to embattled Ecuadorean government

The International Monetary Fund on Thursday approved a delayed loan tranche for Ecuador, releasing nearly US$500 million under a three-year aid program. The IMF board gave the go-ahead for a US$4.2 billion loan in March to help support the oil-rich nation's economic reforms, but massive protests led by indigenous groups erupted in October when President Lenin Moreno scrapped fuel subsidies, causing gasoline prices to soar.
Wednesday, November 27th 2019 - 09:55 UTC
Alberto Fernandez renounces to IMF loan: “I want to stop asking for money”

Argentina's president-elect Alberto Fernandez said on Tuesday he would renounce the remaining US$11 billion tranches of the country's International Monetary Fund loan as soon as he takes office next month.
Friday, October 25th 2019 - 04:00 UTC
Uruguay’s wealth management specialist booming under Argentine financial issues

Argentina has been facing significant financial issues in the last decade, and Uruguay wealth management teams are poised to take advantage.
Friday, October 18th 2019 - 10:55 UTC
New IMF chief pledges full support for Argentina, but will wait for election results

The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.
Friday, October 18th 2019 - 10:25 UTC
China's economy grows at its slowest rate in three decades in the third quarter

China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, official data showed on Friday.
Thursday, October 17th 2019 - 09:51 UTC
Brazil's Economy minister cancels trip to IMF assembly to ensure pension reform approval

Brazil’s Economy Minister Paulo Guedes has canceled a trip to the International Monetary Fund’s annual meeting (IMF) in Washington, to deal with his economic agenda, the ministry said on Wednesday, as the government’s pension reform plan winds its way through Congress.
Thursday, October 3rd 2019 - 09:54 UTC
Developing nations foreign debt reaches US$ 7.8 trillion, World Bank report

Total foreign debt held by developing nations jumped more than 5% to US$7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.
Thursday, October 3rd 2019 - 08:52 UTC
The IMF after Argentina

By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity?
Saturday, September 28th 2019 - 09:59 UTC
Opposition candidate wants to re-profile Argentine sovereign debt following on Uruguay's case in 2003

Argentine presidential candidate Alberto Fernandez indicated he would tackle the country's debt problem by adopting a strategy similar to that of Uruguay, which successfully extended its bond maturities in 2003.
Wednesday, September 25th 2019 - 09:54 UTC
Macri holds a 'constructive meeting' with IMF, but no news about the pending tranche of a major loan

Argentine President Mauricio Macri met with his International Monetary Fund backers in New York on Tuesday, but there was little light shed on whether the body was likely to approve a key US$ 5.4 billion tranche of funds to the indebted country.