Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday.
The International Monetary Fund's (IMF) board of directors Wednesday approved a US$ 7.5 billion disbursement for Argentina, the South American country's Economy Minister and presidential candidate Sergio Massa announced from Washington DC. The decision was adopted unanimously, it was also explained.
The libertarian Javier Milei, the most voted presidential candidate in the last Primary, Open, Simultaneous and Mandatory (PASO) elections in Argentina, with about 30.90% of the votes, ratified that he maintains a strong dialogue with former President Mauricio Macri. So much so that he plans to offer him “a prominent role” if he were elected as the next national president, as he expressed in radio statements this week.
International Monetary Fund (IMF) specialists Friday held separate video conferences with economic teams from Argentina's two main contenders for the Oct. 22 presidential elections: La Libertad Avanza (LLA) and Juntos por el Cambio (JxC).
The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (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%.
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.
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.
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.
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.