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MercoPress, en Español

Montevideo, November 23rd 2024 - 12:43 UTC

Tag: IMF

  • 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”

  • Thursday, June 8th 2023 - 16:03 UTC

    OECD: UK inflation highest this year; BoE rate could peak 5,25%

    Among countries analyzed in the OECD economic outlook, only Argentina (125%) and Turkey are expected to have a higher headline rate than the UK this year

    OECD, the Organization for Economic Cooperation and Development anticipated the UK will experience the highest level of inflation among all advanced economies this year. UK is set to report a headline inflation of 6.9% this year, above the OECD average of 6.6% for 2023.

  • Wednesday, June 7th 2023 - 10:16 UTC

    IMF fears labor market shock due to AI

    Gopinath found it “encouraging” that the G7 has formed a working group to study AI

    International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Tuesday called for global rules to avoid the high social costs of massive job losses from the use of artificial intelligence, it was reported. “When it comes to AI, we need more than new rules,” she stressed.

  • Wednesday, May 24th 2023 - 09:55 UTC

    IMF improves UK economy forecast for this year but “inflation remains stubbornly high”

    The IMF said inflation “remains stubbornly high” and that higher interest rates will need to remain in place if it is to be brought down.

    Improved prospects for the UK economy according to the latest report from the IMF. The Fund said UK is expected to avoid a recession this year, with the economy growing 0,4% in 2023, compared to the a previous forecast of a 0,3% contraction last year.

  • Monday, May 22nd 2023 - 10:23 UTC

    IMF: Uruguay excels, predicts 2% growth, 7% inflation, 8.1% unemployment in 2023

    IMF praises Uruguay's performance and anticipates 2% growth, 7% inflation and 8,1% unemployment in 2023

    The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Uruguay on May 15, 2023, with prospects for this year anticipating 2% growth, declining inflation in the range of 7%, unemployment of 8,1% and a GDP of 81 bullion US dollars.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.

  • Tuesday, May 9th 2023 - 10:55 UTC

    Talks between Argentina and IMF “progressing constructively”

    Argentina hopes the IMF makes all of its 2023 disbursements next month

    The International Monetary Fund (IMF) admitted negotiations with the Argentine Government were still going on toward a redesigning of the country's program in light of the present drought, while Casa Rosada sources agreed that “the conversations” were “progressing constructively.”

  • Tuesday, April 25th 2023 - 19:46 UTC

    Argentine gov't losing grip: peso keeps plummeting

    ”We have been experiencing an atypical situation of rumors, versions, false reports, and their consequent impact on financial instruments linked to the dollar,” Massa explained

    By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.