Tag: International Monetary Fund, IMF

Tuesday, March 10th 2020 - 18:01 UTC
Argentina ready to begin restructuring of US$ 70bn in foreign law bonds

Argentina will revamp as much as US$ 68.8 billion in foreign law bonds as it restructures its debt, the government said in a decree on Tuesday, paving the way for tense negotiations as the country looks to strike a deal with creditors this month.
Monday, February 24th 2020 - 06:30 UTC
US Treasury Secretary welcomes Argentina's talks with IMF on Article IV

U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted country said it would launch consultations, starting Monday, that could lead to a new funding program.
Saturday, February 22nd 2020 - 10:08 UTC
Argentina economy shrinks two years running, 2.1% in 2019 after 2.5% in 2018

Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.
Thursday, February 20th 2020 - 18:10 UTC
IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:
Friday, February 14th 2020 - 20:46 UTC
Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital

Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.
Wednesday, February 12th 2020 - 09:19 UTC
Trump has a top Treasury official as candidate for the IMF No. 2 job

President Donald Trump’s administration is considering nominating a top U.S. Treasury official for the No. 2 job at the International Monetary Fund in Washington, according to people familiar with the matter.
Saturday, February 8th 2020 - 10:27 UTC
New IMF chief Georgieva reshuffling top jobs: deputy Lipton to be replaced

The top American serving at the International Monetary Fund will leave his post at the end of the month amid a reshuffling of the top leadership, the fund said Friday. David Lipton, 66, who has been in the number two position at the Washington-based lender since September 2011, will be replaced by newly installed IMF chief Kristalina Georgieva “in the context of changes she will be making to the leadership team,” the IMF said in a statement.
Wednesday, January 29th 2020 - 08:58 UTC
IMF and Argentina say they held very productive talks in a New York meeting

IMF officials and Argentina's economy minister met in New York on Tuesday for what they called “productive” and “positive” talks as the South American nation looks for help from its main creditor to alleviate a challenging debt situation.
Thursday, January 23rd 2020 - 11:58 UTC
Argentina sends “debt sustainability” bill to Congress to restructure interest and capital payments

Argentina’s government of Alberto Fernandez is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.
Monday, January 6th 2020 - 09:29 UTC
US not pleased with Alberto Fernandez foreign policy outlook

The US government has warned Argentine president Alberto Fernandez that his first actions in foreign policy could endanger both IMF support as well as US investments in the country's energy sector.