Tag: International Monetary Fund, IMF

• Friday, April 12th 2019 - 09:49 UTC

  IMF: “foolish” for Argentine presidential candidates to abandon the program

  

  Argentina’s economic reform program is beginning to show results, so it would “foolish” for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.

• Thursday, April 4th 2019 - 09:43 UTC

  Argentina requests waiver ahead of IMF's third review to further release funds

  

  Argentina has requested a waiver from the International Monetary Fund as some data would not be available in time for the fund's third review this week of US$ 56.3 billion in standby financing agreed last year, a Treasury spokesman said on Wednesday.

• Tuesday, March 19th 2019 - 06:16 UTC

  IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

  

  An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks continued in Washington DC after the end of the mission.

• Saturday, January 12th 2019 - 10:34 UTC

  Excessive high-risk premium for Argentine assets, claims Macri official

  

  Investors have placed an excessively high-risk premium on Argentine assets compared to their peers, according to Finance Secretary Santiago Bausili, quoted in a report by Bloomberg. Argentina's country risk rating has been hovering at 7.0 percentage points.

• Monday, December 3rd 2018 - 06:42 UTC

  China boosts Argentina's foreign reserves with a US$ 9 billion currency swap

  

  China and Argentina signed a US$ 9 billion currency swap agreement to boost the South American country’s foreign currency reserves, its central bank announced on Sunday.

• Tuesday, November 20th 2018 - 07:38 UTC

  CFK: Macri merely a manager of policies imposed from abroad

  

  Former Argentine President Cristina Fernández Kirchner (CFK) Monday criticized the administration of her successor Mauricio Macri in a speech that lasted over an hour at the anti-G20 summit in Buenos Aires, saying - among other things - that by taking a loan from the International Monetary Fund (IMF) the current president merely manages what is dictated to him.

• Thursday, November 15th 2018 - 21:05 UTC

  Double victory for Argentina's Macri ahead of the G20 leaders' summit

  

  Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.

• Wednesday, October 10th 2018 - 07:12 UTC

  “Clouds on the horizon” warns IMF in its world economic outlook

  

  The International Monetary Fund has cut its forecast for global growth as trade tensions intensify and currency and other woes impact emerging economies. The global lender projects that the world economy will expand by 3.7% this year and next, 0.2 percentage point lower than its previous forecast six months ago.

• Tuesday, October 9th 2018 - 21:29 UTC

  IMF foresees 2.6% GDP drop for Argentina this year - inflation 40%

  

  Argentina's GDP will fall 2.6% and inflation will reach 40% this year, according to the International Monetary Fund's Global Perspectives Report released Monday at the beginning of the body's annual Assembly in Bali, Indonesia.

• Tuesday, September 18th 2018 - 06:56 UTC

  Argentine Peso recovers on an IMF support message and budget presentation to Congress

  

  Argentina's battered Peso currency inched higher and the risk of its bonds defaulting declined after the government unveiled its budget plan and the IMF said “important progress” had been made on revamping the country's standby loan agreement.