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MercoPress, en Español

Montevideo, April 25th 2024 - 01:57 UTC

Tag: IMF

  • 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.

  • Friday, July 7th 2023 - 10:16 UTC

    Massa holds online meeting with Egypt's finance minister

    Massa (L) and Maait also stressed the importance of not resorting to “generic recipes” that do not distinguish the particular realities of each country

    Argentina's Economy Minister Sergio Massa held a working online meeting Thursday with his Egyptian counterpart Mohamed Maait to coordinate policies in multilateral spaces aimed at promoting the inclusive development of middle-income countries, taking into account the challenges posed by the new global financial architecture, it was reported in Buenos Aires. The two countries' relationship with the International Monetary Fund (IMF) was also discussed.

  • Friday, June 30th 2023 - 10:28 UTC

    Argentina to pay the IMF with Chinese money

    Argentines will also be able to open bank accounts in yuan, the BCRA ruled

    Argentine authorities Thursday announced that ”the payment of 2.7 billion dollars to the IMF corresponding to the second quarter will be made, partly in Special Drawing Rights (SDR) of the Treasury and partly with yuan, without using Central Bank reserves.”

  • Thursday, June 8th 2023 - 16:05 UTC

    IMF suggests immigration could help UK with inflation and labor shortage

    IMF's Gita Gopinath told BBC Newsnight that “with inflation as high as it is... there are benefits to having workers come in”

    Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. However British prime minister Rishi Sunak has insisted rates of legal immigration are “too high”