Tag: International Monetary Fund, IMF

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.
Friday, December 27th 2019 - 09:55 UTC
IMF mission expected in Argentina any moment; Fernandez expects to reach an accord by March 31st

Argentine president Alberto Fernandez revealed to media accredited at Government House, Casa Rosada, that in the coming days an IMF mission is scheduled to arrive in Buenos Aires to address economic issues.
Tuesday, November 26th 2019 - 09:52 UTC
New IMF head of mission in Argentina, as Macri prepares to step down from office

The International Monetary Fund has named as head of its mission in Argentina, Luis Cubeddu, 53, replacing Italian born Roberto Cardarelli. Cubeddu is knowledgeable in Argentina since he was in Buenos Aires between 2002/04, during a similar financial pre-default situation, as a member of the IMF representation.
Wednesday, November 20th 2019 - 09:56 UTC
Fernandez tells IMF, “we want to make a commitment that we can keep”

Argentina’s president-elect, Alberto Fernandez, has a “sustainable” plan to meet creditor obligations as well as maintain growth, he told the International Monetary Fund´s managing director Kristalina Georgieva, his office said.