Tag: International Monetary Fund, IMF

• Monday, April 8th 2024 - 22:28 UTC

  Argentina delays payments to IMF until April 30

  

  The Argentine Government of President Javier Milei Monday decided to postpone maturities with the International Monetary Fund (IMF) worth US$ 1.94 billion until the end of this month. The move was within the provisions of the standing agreement between the South American country and the credit agency, it was explained in Buenos Aires.

• Wednesday, December 20th 2023 - 10:45 UTC

  IMF says Brazil is the 9th economy in the world

  

  According to a report from the International Monetary Fund (IMF) released Tuesday, Brazil is now the ninth-largest economy in the world, thus displacing Canada from that position.

• Monday, November 27th 2023 - 10:18 UTC

  Milei off to US for talks with IMF, WB, and Biden's administration

  

  Argentina's President-elect Javier Milei left Sunday evening for the United States to meet with officials from the Joseph Biden administration and creditor organizations such as the International Monetary Fund (IMF) and the World Bank (WB), it was reported in Buenos Aires

• Wednesday, September 20th 2023 - 09:44 UTC

  Argentine president insists the world needs more equality

  

  In his last appearance before the United Nations General Assembly, Argentine President Alberto Fernández, who will be leaving office comes Dec. 10, Tuesday called for a change in the International Monetary Fund's (IMF) by-laws and and urged greater global equality.

• Friday, November 25th 2022 - 08:31 UTC

  IMF unveils guidelines for Paraguay to unblock foreign financing

  

  The Executive Board of the International Monetary Fund (IMF) has approved this week a technical two-year support program for Paraguay regarding macroeconomic policies.

• 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.