International Monetary Fund Managing Director Kristalina Georgieva made the following statement at the virtual meeting of the G20 Finance Ministers and Central Bank Governors:
A high-ranking International Monetary Fund (IMF) official Friday announced a full deal with Argentina “is very close,” as the Government of President Alberto Fernández hopes it will be next week, so that it can be put up for Congressional approval at the start of the new Legislature, March 1.
Argentina’s Central Bank (BCRA) Thursday increased interest rates to 42.5%, it was announced. The measure is consistent with recent talks between the Government of President Alberto Fernández and the International Monetary Fund (IMF).
Despite requirements from the International Monetary Fund (IMF) that inflation needs to be under control, Argentina's National Institute of Statistics and Censuses (Indec) Tuesday reported January's figures had reached 3.9% for a 50.7% YoY.
Argentina's Secretary of Strategic Affairs Gustavo Beliz and US National Security Advisor Jake Sullivan held a meeting in Washington DC to discuss the climate change agenda and the current negotiations with the International Monetary Fund, it was reported.
The global death toll from the novel coronavirus, which emerged less than a year ago in China and has swept across the world, passed 1 million on Sunday. The pandemic has ravaged the global economy, inflamed geopolitical tensions, and upended lives, from Indian slums and Brazil's jungles to America's biggest city New York.
Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.
The International Monetary Fund’s discussions with Argentina have been very productive and the fund is willing to do whatever it can to help get the Argentine economy back on a solid footing, an IMF official told reporters.
British and European Union (EU) officials restarted on Monday a week-long round of Brexit trade talks after a break because of the coronavirus, which is making an end-of-year deal look even more unlikely. After a first-round in early March negotiations were suspended for six weeks as officials focused on the deadly virus sweeping Europe.
New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday.