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MercoPress, en Español

Montevideo, November 23rd 2024 - 14:19 UTC

Tag: IMF

  • Tuesday, July 26th 2022 - 10:55 UTC

    Argentina: Unofficial dollar falls after Batakis meets IMF Chief

    Georgieva postponed her vacation plans to meet with Batakis, it was reported

    The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.

  • Monday, July 25th 2022 - 10:30 UTC

    Kirchnerite Senator wants more repression on parallel dollar traders

    Everybody knows where “caves” trading black market dollars are, the Senator insisted as she called for more repression

    Hardline Kirchnerite Senator Juliana Di Tullio has demanded Argentine police play a deeper role in chasing currency exchange parlors where US dollars are traded at the unofficial “blue” rate of around AR$ 337.

  • Monday, July 11th 2022 - 10:45 UTC

    US Ambassador insists on no special IMF treatment for Argentina

    A meeting between Presidents Biden and Fernández would be “an opportunity for Argentina and the United States to come together and partner to feed and fuel the world,” Stanley said

    The United States Ambassador to Buenos Aires Marc Stanley insisted there would be no special treatment for Argentina following President Alberto Fernández Government's request to cut down the International Monetary Fund (IMF) surcharge.

  • Tuesday, July 5th 2022 - 20:16 UTC

    IMF vows to keep working alongside Argentina

    “We have to be realistic and honest: tensions will exist” with the IMF, Batakis admitted

    The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.

  • Thursday, June 30th 2022 - 09:43 UTC

    Uruguay expanded 4,4% in 2021 and is poised to continue growing strongly, IMF report

    Inflationary pressures driven by external and domestic factors are expected to dissipate only gradually

    An IMF mission recently visited Uruguay to discuss with local authorities economic developments, including recovery from the pandemic, the war in Ukraine and the country's policy priorities. The report released on return of the IMF mission to Wahsington pointed out that the economic recovery continues at a firm pace supported by high agricultural commodity prices and strong investment.

  • Wednesday, June 29th 2022 - 09:57 UTC

    IMF wires nearly US$ 4bn to Argentina's coffers

    “The authorities remain committed to the agreed multifaceted strategy,” Georgieva explained

    The International Monetary Fund (IMF) has wired US$ 3,980 million to Argentina, thus boosting the country's reserves to US$ 42,139 million, it was reported in Buenos Aires.

  • Monday, May 16th 2022 - 09:26 UTC

    Weighting SDR's currency basket, Dollar and Yuan up; Euro, Yen and Pound down

    In its first regular review of the IMF's SDR valuation, the Yuan share climbed from 10,92% to 12,28%

    IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.

  • Wednesday, May 11th 2022 - 20:36 UTC

    US Ambassador compliments Argentine gov't

    President Fernández is “taking this ship to a good port,” Stanley said.

    The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying “the work he did was impressive.”

  • Tuesday, May 3rd 2022 - 09:55 UTC

    Argentina's Economy Minister in President Fernández's Achilles tendon

    Guzmán's agreement with the IMF needs reviewing because it was based on inflationary projections which have already fallen short of reality's figures

    As Argentina's inflation continues to grow with no end in sight and the news is that guidelines agreed upon with the International Monetary Fund (IMF) already need to be reviewed because they were based on a CPI that is no longer attainable, Economy Minister Martín Guzmán is beginning to take flak from friends and foes alike, casting doubts on his chances of remaining in office.

  • Wednesday, April 27th 2022 - 21:20 UTC

    Argentina's fiscal reserves in doubt as inflationary recalculations needed

    The IMF deal projected yearly inflation between 38 and 48% so adjustments will be needed

    International Monetary Fund (IMF) Director for the Western Hemisphere Ilan Goldfajn admitted inflation guidelines outlined in Argentina's recent agreement with the financial agency needed to be modified to reflect a steep variation in prices.