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MercoPress, en Español

Montevideo, November 27th 2024 - 03:24 UTC

Tag: IMF

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Wednesday, November 8th 2023 - 10:55 UTC

    Argentina makes payment to IMF in yuan

    The disbursement has weakened the Central Bank’s reserves to levels unseen since 2006

    Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.

  • Saturday, October 14th 2023 - 10:10 UTC

    Gloomy IMF projections for Argentina this year

    Excluding Argentina and Venezuela, the IMF foresees a downward trend in inflation in the region

    The International Monetary Fund (IMF) foresees a 2.5% drop in Argentina's GDP and warned that the program between the South American country and the credit agency was in a “critical” state, barely over one week ahead of the presidential elections.

  • Friday, October 6th 2023 - 10:50 UTC

    Argentina not to pay IMF maturities until after the elections

    Inflation in Argentina “is expected to reach 120% year-on-year by the end of 2023,” the IMF said

    Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.

  • Thursday, September 14th 2023 - 10:15 UTC

    Argentina: August's inflation hits 12.4%

    Massa criticized the IMF's “inflationary and contractionary” recipes

    Argentina's National Institute of Statistics and Census (Indec) announced Wednesday that inflation for the month of August had reached 12.4% for a total of 124.4% in the last 12 months. The highest monthly rate in over 32 years came after the Aug. 14 devaluation of the Argentine peso. So far in 2023, the Consumer Price Index has accumulated an increase of 80.2%.

  • Thursday, August 31st 2023 - 15:25 UTC

    Fragile countries, impacted by conflict and climate change, threatened by hunger, IMF report

    Fragile and conflict-affected states, FCS, are those countries whose location and dependence on agriculture make them most vulnerable to extreme weather.

    Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday.

  • Thursday, August 24th 2023 - 10:58 UTC

    IMF Board approves US$ 7.5 bn disbursement for Argentina

    It will be the “second largest disbursement in the history of the IMF,” Massa explained

    The International Monetary Fund's (IMF) board of directors Wednesday approved a US$ 7.5 billion disbursement for Argentina, the South American country's Economy Minister and presidential candidate Sergio Massa announced from Washington DC. The decision was adopted unanimously, it was also explained.

  • Saturday, August 19th 2023 - 17:38 UTC

    Javier Milei plans to give a “prominent role” to Mauricio Macri in his future government

    Macri has approached the libertarian candidate, who often voices discontent with the political class, seeing them all, including the former President, as part of the same “caste.”

    The libertarian Javier Milei, the most voted presidential candidate in the last Primary, Open, Simultaneous and Mandatory (PASO) elections in Argentina, with about 30.90% of the votes, ratified that he maintains a strong dialogue with former President Mauricio Macri. So much so that he plans to offer him “a prominent role” if he were elected as the next national president, as he expressed in radio statements this week.

  • Saturday, August 19th 2023 - 10:55 UTC

    IMF holds talks with Argentina's opposition economists

    For the IMF the meetings were one of the Fund's regular and routine contacts with “a wide range of political and economic references”

    International Monetary Fund (IMF) specialists Friday held separate video conferences with economic teams from Argentina's two main contenders for the Oct. 22 presidential elections: La Libertad Avanza (LLA) and Juntos por el Cambio (JxC).

  • Tuesday, August 15th 2023 - 10:23 UTC

    Argentine devaluation consistent with IMF guidelines

    “We appreciate the authorities' recent policy actions and commitment to safeguarding stability, rebuilding reserves, and strengthening fiscal order,” Kozack said

    The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections.