Tag: International Monetary Fund

• Thursday, April 16th 2020 - 11:04 UTC

  IMF fears social unrest could erupt if measures to mitigate pandemic are seen as unfair or insufficient

  

  New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday.

• Wednesday, April 15th 2020 - 10:02 UTC

  IMF approves immediate debt relief for 25 of the poorest country members

  

  IMF Managing Director Ms. Kristalina Georgieva announced that the Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Friday, April 10th 2020 - 15:45 UTC

  IMF sees emerging markets and low income nations as the most exposed to the coming recession

  

  The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk.

• Friday, April 3rd 2020 - 07:59 UTC

  Argentina continues talks but moves forward plans for debt restructuring

  

  Argentina will continue talks this week and next with creditors over restructuring its US$ 83 billion in foreign debt, Economy Minister Martin Guzman said after the country missed the March 31 deadline it had set previously.

• Saturday, March 28th 2020 - 08:54 UTC

  It's official: IMF says pandemic has driven the global economy into recession

  

  The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday.

• Thursday, March 26th 2020 - 08:01 UTC

  World Bank and IMF call on bilateral creditors to suspend payments from poor countries

  

  The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:

• Tuesday, March 24th 2020 - 10:03 UTC

  With the pandemic, Argentina has “a thousand more reasons” to delay debt payments

  

  Argentina does not plan to resume debt payments to the International Monetary Fund (IMF) for five years, buying time to pull the economy out of a worsening recession after the coronavirus outbreak led the government to impose a stay-at-home order until the end of March which also put the brakes- on activity

• Saturday, March 21st 2020 - 09:24 UTC

  IMF's technical guidance on Argentine public debt sustainability

  

  At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released on Friday a technical note prepared by IMF staff on Argentina’s public debt sustainability.

• Wednesday, March 18th 2020 - 07:24 UTC

  IMF rejects Maduro's request for coronavirus aid loan: who runs Venezuela?

  

  The International Monetary Fund has quickly rejected a surprise request on Tuesday by Venezuela for an emergency US$ 5 billion loan to fight the new coronavirus, which threatens to push its already battered economy over the edge.