Tag: IMF

• Monday, September 24th 2018 - 09:19 UTC

  Macri in New York to convince investors Argentina in on track to stability and address the UN assembly

  

  Argentine president Mauricio Macri is in New York where he is scheduled to address the United Nations General Assembly on Tuesday, but will also be holding a round of talks with business leaders and potential investors, plus granting interviews to key media outlets.

• Friday, September 21st 2018 - 09:32 UTC

  Argentine Peso recovers strongly and with no support from the Central bank

  

  The Argentine Peso reacted strongly against the US dollar on Thursday following on an abundant private supply of greenbacks to satisfy demand, which kept the Central Bank out of the market for the first time since the beginning of the month. The dollar fell 2.8% and ended trading below 39 Pesos.

• Friday, September 21st 2018 - 08:47 UTC

  Argentine Peso at an equilibrium point, says head of Central bank

  

  Argentina’s central bank now sees the Peso at an equilibrium level, chief Luis Caputo told market participants who attended a meeting with him on Thursday. The statement comes after two days of strengthening by the peso following a rout that sent it to a record intra-day low in late August.

• Friday, September 21st 2018 - 08:31 UTC

  Argentina/IMF making “important progress” on reforms for loan package, but no specific timeline

  

  Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.

• Friday, September 21st 2018 - 08:24 UTC

  Argentine stock market booming with new highs for seventh day running

  

  The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.

• Wednesday, September 19th 2018 - 09:05 UTC

  Argentine Peso slid on Tuesday but the Merval stock market climbed a strong 3%

  

  Argentina’s central bank sold US$ 261 million in reserves on Tuesday, the monetary authority said in a statement announcing its latest intervention in the foreign exchange market aimed at easing the fall of the local currency.

• Tuesday, September 18th 2018 - 08:51 UTC

  IMF's Lagarde: A no-deal Brexit would entail substantial costs for the UK economy

  

  The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.

• Friday, September 14th 2018 - 09:28 UTC

  Argentine currency drops to a new record low of 39.90 pesos to the US dollar

  

  Argentina's peso currency fell 3.51% on Thursday to close at a new record low of 39.9 per U.S. dollar, as market confidence ebbs away despite President Mauricio Macri's efforts to reassure investors. Dollar demand had risen on Thursday due to high liquidity sparked by an auction of treasury notes, traders said.

• Thursday, September 13th 2018 - 10:39 UTC

  IMF team in Buenos Aires for talks on the standby loan package

  

  Officials from the International Monetary Fund are in Argentina as part of talks to strengthen and accelerate a crisis loan package, the global lender said Wednesday. The IMF and Buenos Aires agreed in June on a three-year, US$50 billion rescue lending programme but Argentina has since asked for a more rapid disbursement.

• Wednesday, September 12th 2018 - 08:55 UTC

  Argentina's central bank keeps key interest rate at 60%

  

  Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.