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MercoPress, en Español

Montevideo, November 23rd 2024 - 11:36 UTC

Tag: IMF

  • Tuesday, August 8th 2023 - 10:49 UTC

    Argentina: “Blue” dollar closes in on AR$ 600 threshold

    Cash from the IMFis hoped to bring on some tranquility after the PASO elections

    The “blue” (a euphemism for “black market”) dollar rose sharply on Monday and closed at AR$ 596, thus reaching a new all-time high ahead of next Sunday's Simultaneous, Mandatory, and Open Primary (PASO) elections, it was reported in Buenos Aires. The gap with the official quotation stood at 110.8%.

  • Saturday, August 5th 2023 - 10:31 UTC

    Argentina pays the IMF with loan from Qatar

    President Fernández said the payment to the IMF with Qatar's help will give “more tranquility”

    Argentine authorities Friday announced that they would be paying the International Monetary Fund (IMF) a maturity worth US$ 775 million through a 580 million Special Drawing Rights (SDRs) loan from Qatar. The Asian nation will lend Argentina Special Drawing Rights (SDR, money that countries reserve in the IMF), it was explained.

  • Saturday, July 29th 2023 - 11:15 UTC

    Argentina announces new deal with the IMF

    It is not good that a country has to be continuously renegotiating with the IMF because of bad management by the previous government, Massa said

    The Government of Argentina reached an understanding with the International Monetary Fund (IMF) whereby the global agency will make disbursements worth over US$ 7 billion in August and November, it was announced Friday in Buenos Aires.

  • Thursday, July 27th 2023 - 10:10 UTC

    Argentina: No REM report until after PASO elections

    The survey will be published by the BCRA on Aug. 15

    Argentina's Central Bank (BCRA) Wednesday postponed the release of its monthly Relevamiento de Expectativas de Mercado (REM) report until after the Aug. 13 Open, Mandatory and Simultaneous Primary (PASO) elections, it was announced in Buenos Aires.

  • Wednesday, July 26th 2023 - 10:56 UTC

    Latin America to grow this year above IMF's previous projections

    Domestic demand in the region remains “relatively strong,” Gourinchas explained

    The International Monetary Fund (IMF) Tuesday admitted that Latin America and the Caribbean will grow 1.9% this year, 0.3 percentage points above April's projections due to the momentum of the economies in Brazil and Mexico.

  • Monday, July 24th 2023 - 10:55 UTC

    Argentina, IMF reach new understanding

    Massa might travel to Washington DC shortly to finalize the deal

    Argentina and the International Monetary Fund (IMF) have reached an agreement in principle on the fifth review of the South American country's credit program, it was announced Sunday.

  • Saturday, July 22nd 2023 - 10:59 UTC

    Argentine President confident about ongoing negotiations with IMF

    All negotiations with the Fund are difficult when one seeks to preserve one's own decisions, Fernández said

    Argentine President Alberto Fernández Friday spoke with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss a new understanding ahead of this year's elections, it was reported in Buenos Aires.

  • Wednesday, July 19th 2023 - 10:38 UTC

    Argentine team starts talks with IMF toward new deal

    If negotiations are successful, Massa might travel to the US by Friday

    Argentina's Economic Policy Secretary Adolfo Rubinstein; Chief Advisor Leonardo Madcur; and Central Bank (BCRA) Vice-President Lisandro Cleri started Tuesday in Washington DC a new round of negotiations with a technical team of the International Monetary Fund (IMF) to finalize a new agreement ahead of this year's presidential elections, it was confirmed by an IMF spokesperson.

  • Monday, July 17th 2023 - 11:30 UTC

    Massa might have to travel to US to finalize deal with IMF

    Massa hopes “to pay the Fund and to make it leave Argentina”

    Argentine Economy Minister and presidential contender Sergio Massa might travel to the United States later this week to close an agreement with the International Monetary Fund whereby the global agency would give the South American country some US$ 8.5 billion, it was reported in Buenos Aires.

  • Friday, July 14th 2023 - 10:50 UTC

    IMF: Negotiations with Argentina continue; “no letter from China urging IMF to a quick solution”

    Kozack, “Our team has been working intensively with the Argentine authorities to make progress toward the completion of the fifth review.”

    Julie Kozack, Director of the IMF Communication Department held her weekly media conference and made some announcements referred to the current IMF/|Argentine negotiations. Ms. Kozack revealed that IMF/Argentina negotiations are ongoing, did not advance more details on possible closing dates and denied the existence of a letter from Chinese officials urging a quick solution to the Argentine case. Such as information was leaked in Argentina by government sources. Finally Ms Kozack anticipated that IMF officials and staff will be on holidays beginning July 31st until 11 August.