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MercoPress, en Español

Montevideo, January 21st 2025 - 10:35 UTC

Tag: International Monetary Fund, IMF

  • Monday, January 20th 2025 - 07:12 UTC

    Milei holds positive meeting with Georgieva

    “We are doing very well,” Milei posted on social media after his encounter with the IMF's Managing Director

    Argentine President Javier Milei and International Monetary Fund (IMF) Managing Director Kristalina Georgieva held a meeting Sunday in Washington DC ahead of Donald Trump's inauguration to discuss the economic situation in the South American country.

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  • Monday, January 13th 2025 - 06:44 UTC

    IMF warns Milei about increasing poverty amid exchange rate controls

    Milei hopes things will get better after Trump's inauguration

    Despite approving Argentine President Javier Milei's management in a broad way, the International Monetary Fund suggested the South American country should pay more attention to exchange rate arrears and the increasing poverty.

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  • Friday, December 27th 2024 - 10:07 UTC

    IMF approves US$245 million disbursement for Paraguay

    The IMF found that economic activity in Paraguay “continues to be dynamic.”

    After concluding the fourth review of the Policy Coordination Instrument (PCI) with Paraguay as well as the second one on the Resilience and Sustainability Facility (SRS), the International Monetary Fund (IMF) approved a disbursement of US$186.28 million in Special Drawing Rights (SDRs) representing nearly US$ 245 million to help the South American country's green energy matrix expansion.

  • Thursday, December 19th 2024 - 22:03 UTC

    IMF admits new loan to Argentina under consideration

    “A recovery in economic activity and real wages is now firmly underway” in Argentina, Kozack said

    International Monetary Fund (IMF) Spokeswoman Julie Kozack admitted Thursday that “talks are underway” to grant Argentina a new loan. The South American country is reportedly eligible for such a disbursement given the impressive achievements of President Javier Milei's “chainsaw” adjustment policies. The program currently in force ends this year and Argentina still owes around US$ 1 billion.

  • Tuesday, November 12th 2024 - 10:02 UTC

    Bullrich meets with Gopinath in Washington

    “Without security there is no economic prosperity,” they both concurred

    Argentina's Security Minister Patricia Bullrich Monday met in Washington DC with International Monetary Fund Deputy Managing Director Gita Gopinath to discuss thee South American official's anti-picketing policy. “Without security there is no economic prosperity,” they both concurred.

  • Tuesday, October 22nd 2024 - 20:49 UTC

    IMF foresees prosperous 2024 for Paraguay

    Argentina is at the bottom of the IMF's list, with GDP expected to contract by 3.5%

    According to the International Monetary Fund's (IMF) “World Economic Outlook” report released Tuesday in Washington DC, Paraguay is the country in the region that will grow the most this year with a projected Gross Domestic Product (GDP) of 3.8%, way above South America's 1.8% average. Following Paraguay is Uruguay's 3.2% GDP, with Brazil, Peru, and Venezuela tied at 3%. Argentina ranks at the bottom of the list (-3.5%).

  • Thursday, July 25th 2024 - 19:50 UTC

    Argentine Economy Minister meets with IMF Chief in Rio

    Caputo was full of praise for Georgieva as he almost desperately needs fresh IMF funding

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”

  • Tuesday, July 23rd 2024 - 18:43 UTC

    IMF and IDB to boost Paraguay's sustainable development initiatives

    Goldfajn (R) and Georgieva (L) highlighted Paraguay's progress after meeting with President Peña

    The Inter-American Development Bank (IDB) and the International Monetary Fund (IMF) announced this week in Asunción an increase in cooperation with Latin American and Caribbean countries regarding environmental initiatives and sustainable development.

  • Tuesday, July 16th 2024 - 20:19 UTC

    Argentina's economic fall worse than expected, IMF foresees

    The IMF tied an overall setback in Latin America and the Caribbean to Argentina's performance

    According to the latest issue of the International Monetary Fund's World Economic Outlook (WEO) report, Argentina's Gross Domestic Product (GDP) is expected to fall 3.5% in 2024, which represented a setback from the 2.8% predicted back in April. Regarding next year, the IMF kept the 5% growth projection unchanged.

  • Monday, June 17th 2024 - 18:14 UTC

    IMF: Argentina's economic activity projections worse than thought

    Argentina's return to international capital markets could happen as early as 2025, the IMF also foresaw

    Monday's International Monetary Fund (IMF) projected a 3.5% drop in Argentina's economic activity this year from a previous 2.75% assessment but admitted inflation would be lower than previously thought reaching 140% year-on-year by the end of 2024 in addition to “declining further in the medium term, as demand for pesos recovers from historically low levels.”

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