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MercoPress, en Español

Montevideo, February 22nd 2025 - 01:08 UTC

Tag: International Monetary Fund, IMF

  • Sunday, February 9th 2025 - 19:28 UTC

    BoE chair fears “fragmentation of world economy” if Trump abandons IMF and World Bank

    “Project 2025” blueprint for Trump's presidency, was authored by figures who are now key White House staff, recommended withdrawal from both institutions

    The Governor of the Bank of England Andres Bailey has urged continued US support for two major global economic institutions. According to a piece published by BBC, Mr. Bailey said he was “following extremely closely” whether the Trump administration would change its support for the International Monetary Fund (IMF) and the World Bank.

  • Tuesday, February 4th 2025 - 13:25 UTC

    IMF tips inaccurate, Bolivia says

    The Bolivian Government is taking care of the economy, Montenegro claimed

    The Government of Bolivia stressed Monday that the International Monetary Fund's (IMF) devaluation and fiscal adjustment proposals were missing the target because they hinged on old data.

  • Thursday, January 30th 2025 - 13:28 UTC

    BOFA report predicts relative stability in Argentina until mid-term elections

    IMF “disbursements should be used primarily to pay the IMF itself,” the BOFA reckoned

    A Bank of America (BOFA) report released this week forecast that Argentina's Libertarian administration of President Javier Milei would be lifting the so-called exchange rate stocks in December this year. By that time, the rate was projected to stand at AR$ 1,400 = US$ 1. The study also deemed a US$ 20 billion from the International Monetary Fund (IMF) plausible, to endorse Milei's “chainsaw” State spending cuts policies amid greater exchange rate flexibility.

  • Wednesday, January 29th 2025 - 10:39 UTC

    IMF mission leaves Buenos Aires but talks will continue

    There is no deadline for the new understanding between Argentina and the IMF, Adorni said

    The International Monetary Fund's (IMF) team rounded up its mission to Buenos Aires Monday saying that negotiations for a new loan will continue. IMF Managing Director Kristalina Georgieva's envoys held meetings with Economy Minister Luis Toto Caputo and other high-ranking officials from the libertarian administration, after which they reckoned that some progress had been made.

  • 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.

  • 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.

  • 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%).

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