Tag: International Monetary Fund, IMF

• 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.

• Monday, September 17th 2018 - 08:12 UTC

  International support for Argentina's general strike against IMF austerity measures

  

  The International Trade Union Conference, ITUC’s affiliates in Argentina, CGT, CTA-A and CTA-T have announced a general strike for 24-25 September in opposition to expected sweeping austerity measures being developed by the government and the International Monetary Fund.

• Saturday, September 1st 2018 - 07:46 UTC

  IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package

  

  Argentina’s beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves, and the International Monetary Fund (IMF) issued a strong statement of support for President Mauricio Macri’s government.

• Tuesday, August 14th 2018 - 06:50 UTC

  Argentina pledges US$ 500 million on Tuesday to stabilize the forex market

  

  Argentina's peso hit an all-time low on Monday as Latin American currencies sank amid a broader sell-off in emerging markets that have been rattled by the Turkish lira's plunge.

• Thursday, August 2nd 2018 - 07:35 UTC

  Santos convinced that Maduro's days in Venezuela are numbered, “in the near future”

  

  Nicolas Maduro's days as president of crisis-ravaged Venezuela are numbered, his outgoing Colombian counterpart Juan Manuel Santos told the French government news agency.“I can see it happening in the near future,” said Santos, pointing to the International Monetary Fund's latest projection that Venezuela's inflation will hit one million percent this year.

• Tuesday, July 24th 2018 - 04:28 UTC

  IMF underlined financial pressures risks for vulnerable emerging economies

  

  The IMF urged that trade conflicts be resolved via international cooperation, without resorting to exceptional measures, and underlined the world economy is facing increasing risks especially financial pressures in vulnerable emerging economies and the return of sovereign risks in parts of the Euro area.

• Saturday, July 21st 2018 - 07:05 UTC

  Global trade conflicts and protectionism in G20'agenda meeting in Buenos Aires

  

  Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend's meeting of Group of 20 finance ministers in Buenos Aires.

• Thursday, July 19th 2018 - 07:44 UTC

  Macri offers optimistic forecast of Argentine economy, pledging growth will return next year

  

  Argentina’s economy will return to growth in 2019, President Mauricio Macri said on Wednesday, following a year marked by higher-than-expected inflation and a run on the Peso currency that many economists anticipate will lead to a recession.

• Monday, July 9th 2018 - 07:08 UTC

  “Argentina on the rocky road to recession”, anticipates The Economist

  

  On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).