Tag: IMF

• 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.

• Friday, September 20th 2019 - 10:22 UTC

  Argentine Central Bank will produce more Pesos: higher inflation is expected

  

  According to estimates among analysts, the Argentine Peso's production will be around $ 300,000 million for the remainder of the year, estimating inflation for 2020 even higher than this year. 80% of that issuance corresponds to the last month of the year, breaking the objective that the Central Bank of Argentina (BCRA) of “zero-emission” had set and jeopardized the exchange control as it works since August.

• Friday, September 13th 2019 - 11:47 UTC

  IMF remains strongly engaged with Argentina; meeting with officials scheduled for later this month

  

  The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.

• Thursday, September 12th 2019 - 09:55 UTC

  Questions on the role of the IMF in the Argentine financial situation

  

  Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.