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Montevideo, April 24th 2024 - 15:08 UTC

Tag: Julie Kozack

  • Thursday, April 4th 2024 - 21:31 UTC

    IMF praises Milei's achievements but says social and political support needed

    “The road to stabilization is never easy,” Kozack said

    International Monetary Fund (IMF) Communications Director Julie Kozack praised the “impressive” achievements of President Javier Milei's administration in curbing inflation in Argentina but warned that “it remains important to work pragmatically to build social and political support to help ensure the durability and effectiveness of the reforms” implemented.

  • Friday, January 12th 2024 - 13:33 UTC

    FMI hopes Milei's plan gets enough political support

    President Javier Milei's administration “is already implementing an ambitious stabilization plan,” Kozack also noted

    International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.

  • Wednesday, December 13th 2023 - 10:58 UTC

    Thumbs up from the IMF to Argentina's policy changes

    Georgieva said Toto Caputo's measures were “an important step toward restoring stability and rebuilding the country's economic potential”

    After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Friday, July 14th 2023 - 10:50 UTC

    IMF: Negotiations with Argentina continue; “no letter from China urging IMF to a quick solution”

    Kozack, “Our team has been working intensively with the Argentine authorities to make progress toward the completion of the fifth review.”

    Julie Kozack, Director of the IMF Communication Department held her weekly media conference and made some announcements referred to the current IMF/|Argentine negotiations. Ms. Kozack revealed that IMF/Argentina negotiations are ongoing, did not advance more details on possible closing dates and denied the existence of a letter from Chinese officials urging a quick solution to the Argentine case. Such as information was leaked in Argentina by government sources. Finally Ms Kozack anticipated that IMF officials and staff will be on holidays beginning July 31st until 11 August.

  • Thursday, October 15th 2020 - 09:58 UTC

    Argentina is in deep recession and needs a credible roadmap, IMF chief

    Ms Georgieva insisted the most important task for Argentina is to give that roadmap as to what is the direction to travel, and how do we know that we are reaching our destination

    “Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.

  • Monday, October 12th 2020 - 09:34 UTC

    IMF mission concludes a preliminary “exploratory” visit to Argentina

    The delegation of IMF economists arrived early last week, led by Julie Kozack, Western Hemisphere deputy director for the IMF.

    An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.

  • Friday, February 28th 2020 - 07:55 UTC

    IMF mission arrives in Buenos Aires next Monday to continue negotiations

    Julie Kozack, the IMF deputy director for the Western Hemisphere, and Luis Cubeddu, head of the IMF’s mission in Argentina, will lead the team

    The International Monetary Fund will send another mission to Argentina to continue debt strategy talks and discuss “next steps,” IMF spokesman Gerry Rice said on Thursday, as the country seeks to renegotiate its US$ 57 billion financing package.

  • Thursday, February 20th 2020 - 18:10 UTC

    IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

    Luis Cubeddu Mission chief for Argentina and Julie Kozack Deputy Director of the Western Hemisphere Department met Economy Minister Martín Guzman (C)

    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

    “No comments. We Argentines know how to read”, tweeted Cristina Fernandez, where she published some of IMF's charter articles in support of her argument

    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.

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