Tag: IMF

• Tuesday, January 3rd 2023 - 10:19 UTC

  This year will be tougher than 2022, IMF's Georgieva forecasts

  

  With the world's three major economies -the United States, the European Union, and China- slowing down simultaneously, 2023 will be “tougher than the year we left behind,” International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva said during an interview with CBS. She also heralded in Washington that “a third of the world economy will be affected by a recession.”

• Friday, December 23rd 2022 - 18:21 UTC

  Argentina's Central Bank reserves up after IMF disbursements

  

  Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.

• Friday, October 14th 2022 - 10:08 UTC

  IMF experts foresee economic slowdown in the region for 2023

  

  Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.

• Thursday, October 13th 2022 - 20:57 UTC

  IMF Chief praises Argentine gov't

  

  International Monetary Fund Managing Director Thursday praised the commitment of Argentine President Alberto Fernández's administration to comply with the debt-repayment program agreed upon.

• Thursday, October 13th 2022 - 09:56 UTC

  IDB grants Argentine US$ 700 mn loan

  

  Argentina is to receive US$ 700 million to increase the Central Bank's reserves after the IDB Board of Directors agreed Wednesday to a Special Development Financing (SDL) package in light of Superminister Sergio Massa's presence in Washington DC for the annual meeting of the International Monetary Fund (IMF) and the World Bank.

• Wednesday, October 12th 2022 - 09:26 UTC

  IMF anticipates recession in Germany and Italy next year and an almost halt for the UK economy

  

  The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.

• Tuesday, October 11th 2022 - 10:29 UTC

  World Bank, IMF heads foresee recession ahead

  

  The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

• Saturday, October 8th 2022 - 10:05 UTC

  Argentina passes IMF test, gets US$ 3.8 billion

  

  The International Monetary Fund's Board of Directors Friday approved the 2022 second semester review, thus clearing the way for a US$ 3.8 billion disbursement in favor of Argentina.

• Thursday, September 15th 2022 - 10:43 UTC

  Argentina/IMF: minister Massa pledges targets of program remain unchanged

  

  The Managing Director of the International Monetary Fund, Kristalina Georgieva, met this week with Sergio Massa, Minister of Economy of Argentina, in Washington D.C. The meeting took place after a fruitful week of face-to-face technical meetings in the context of the second review of the program under the IMF’s Extended Arrangement with Argentina. After the meeting, Ms. Georgieva issued the following statement:

• Friday, July 29th 2022 - 19:15 UTC

  Boosted by Brazil and Mexico, Latin America's economy expected to expand 3% in 2022, IMF

  

  Given the improved performance of Latin America's largest economies, particularly Brazil, Mexico, Colombia and Chile, the IMF has raised the 2022 growth projection for the Latam and the Caribbean.