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MercoPress, en Español

Montevideo, November 24th 2024 - 05:35 UTC

Tag: IMF

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Monday, April 23rd 2018 - 08:37 UTC

    Speed of recovery, the main debate on the Brazilian economy

    “I don’t know if you saw, but Brazil was one of the countries for which the IMF most intensely changed its growth forecast,” central bank chief Ilan Goldfajn said

    Brazil's policy makers welcomed an upward revision of the country's growth by the International Monetary Fund, while downplaying the fact its estimate remains lower than others.

  • Wednesday, February 21st 2018 - 01:26 UTC

    Petro, the Venezuelan cryptocurrency is online

    The initiative promoted by the government of Nicolás Maduro responds to individual sanctions by the international community against government officials.

    The pre-sale of Petro began early on Tuesday, the cryptocurrency proposed by the Venezuelan government in recent weeks and backed by the country's natural resources. According to experts, it is “ridiculous”, arguing that the creation of a new currency would aggravate the economic crisis in the Caribbean country.

  • Tuesday, January 23rd 2018 - 09:23 UTC

    Trump's tax reform prompts brighter outlook for global economy, says IMF

    The new global forecast has growth of 3.9% this year and next. That represents an upgrade of 0.2% for each year. It also constitutes faster expansion

    Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF), arguing that the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment.

  • Sunday, December 31st 2017 - 10:48 UTC

    IMF report on Argentina: good, but watch out borrowing to finance the budget deficit

    “Argentina is experiencing a solid recovery from last year’s recession,” the IMF wrote, which also revised its inflation forecasts for 2017 and 2018 down

    The International Monetary Fund (IMF) on Friday raised its outlook for Argentina’s economic growth to 2.8% in 2017, up from 2.5% seen in October, while keeping its forecast for 2018 growth steady at 2.5%.

  • Friday, October 13th 2017 - 12:04 UTC

    Recession ahead for UK economy, be it a soft or hard Brexit, forecasts leading investment bank

    Rabobank's Hugo Erken said there has been extensive research into the immediate effects of Brexit, but its implications on productivity is only marginally or partially addressed.

    The Conservative Party’s plans for a “no deal” hard Brexit would plunge the UK into immediate recession, cost the British economy £400 billion and wipe 18% off GDP growth by 2030, a leading investment bank has warned.

  • Monday, June 12th 2017 - 11:05 UTC

    IMF sees Brazil and Argentina helping to pull Latin American out of recession

    Policy makers have increased the pace of interest rate cuts for the second time this year amid record-high unemployment and slowing inflation.

    The International Monetary Fund offered an encouraging outlook for Brazil´s growth in 2018 since the intense political uncertainty is yielding, monetary policy easing and progress on the government’s economic reform agenda should help the country pull out of its worst recession in a century.

  • Thursday, January 21st 2016 - 07:33 UTC

    Argentine Finance minister expected to meet IMF chief to renew formal ties

    Resuming formal ties means allowing the IMF to conduct a review of the Argentine, which would be their first since 2006.

    Argentine Finance Minister Alfonso Prat-Gay is planning to meet with IMF's Christine Lagarde at the World Economic Forum in Davos, Switzerland, to discuss resuming formal ties with the international lender, according to a report published by Bloomberg.

  • Friday, April 11th 2014 - 04:22 UTC

    Bank of England leaves interest rates unchanged as UK recovery picks up

    According to IMF the UK economy would be the fastest-growing in the G7 this year.

    UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.