Tag: IMF

• Wednesday, April 10th 2019 - 09:58 UTC

  “My trade wars aren't finished yet”, Trump warns IMF and World Bank spring meetings

  

  
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.

• Wednesday, April 10th 2019 - 09:19 UTC

  IMF cuts global 2019 growth; suggests rich countries should prop their economies

  

  The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.

• Tuesday, April 9th 2019 - 09:59 UTC

  Argentina's Peso takes a rest after a hectic week but the country risk shoots to its highest this year

  

  Latin American stocks were flat on Monday, partly subdued by delays in important pension reform in Brazil, while currencies in the region rose against a weak dollar but Argentina's peso hovered around record-low levels on political uncertainty and the highest country risk so far this year.

• Saturday, April 6th 2019 - 09:33 UTC

  IMF releases US$10.8 billion to Argentina and insists on fiscal prudence

  

  The Executive Board of the International Monetary Fund (IMF) completed on Friday the third review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review allows the authorities to draw the equivalent of SDR 7.8 billion (about US$10.8 billion), bringing total purchases since June 2018 to SDR 28.01371 billion (about US$38.9 billion).

• Friday, April 5th 2019 - 09:26 UTC

  Argentines take to the streets under pouring rain to protest Macri’s austerity

  

  Argentine unions, small business owners and activists took to the rain-drenched streets of Buenos Aires on Thursday to protest against austerity measures under President Mauricio Macri, which they blame for amplifying worker hardships and sapping growth.

• Saturday, March 16th 2019 - 10:15 UTC

  IMF prepared to help Argentina stabilize exchange market volatility in election year

  

  Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April. The bank hopes the market makers, dealers who agree to buy and sell at set prices, would bolster liquidity in the exchange market to help avoid the sharp gyrations the peso has suffered in recent weeks when it hit a record low of 42.5 pesos per dollar in thin trading.

• Tuesday, February 26th 2019 - 09:07 UTC

  Trump anticipates a “signing summit” with China's Xi: trade agreement “very, very close”

  

  US President Donald Trump said on Monday he expects to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal, since negotiators are “very, very close” to an agreement. Cheering global stock markets, the new comments confirm the dispute will not ratchet up immediately, averting an even bigger impact on the global economy. 

• Monday, February 25th 2019 - 09:09 UTC

  Ecuador reaches an agreement with IMF and will receive US$ 4.2 billion

  

  Ecuador and the International Monetary Fund (IMF) staff have reached an agreement on a set of policies to underpin a US$4.2 billion (435% of quota and SDR3.035 billion) arrangement under the IMF’s Extended Fund Facility (EFF). This arrangement, which is subject to IMF Executive Board approval, would provide support for the Ecuadorian government’s economic policies over the next three years.

• Tuesday, February 12th 2019 - 10:30 UTC

  IMF mission in Argentina to collect data on compliance of the standby loan accord

  

  An IMF team is back in Buenos Aires to review the Argentine economy performance and how it is complying with the fiscal and monetary conditions established in the stand-by US$ 57 billion loan agreed last year. The head of the mission Roberto Cardarelli is scheduled to meet ministers, central bank officials, members of Congress from the ruling coalition and opposition, academia and different lobbies.

• Saturday, February 2nd 2019 - 08:59 UTC

  Argentine central bank “ready” to counter surprises ahead of this year's presidential election

  

  Argentina’s central bank has sufficient dollar firepower to deal with a spike in demand for the greenback if uncertainty over the country’s upcoming presidential election prompts another run on the peso, bank sources said on Friday.