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Montevideo, January 28th 2023 - 13:25 UTC

Tag: Kristalina Georgieva

  • Tuesday, January 3rd 2023 - 10:19 UTC

    This year will be tougher than 2022, IMF's Georgieva forecasts

    “This recession will be devastating for highly indebted countries,” Georgieva explained

    With the world's three major economies -the United States, the European Union, and China- slowing down simultaneously, 2023 will be “tougher than the year we left behind,” International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva said during an interview with CBS. She also heralded in Washington that “a third of the world economy will be affected by a recession.”

  • Wednesday, November 16th 2022 - 22:02 UTC

    Georgieva tells Fernández Argentina needs to remain “on course”

    Fernández has boarded his presidential aircraft back to Buenos Aires via Madrid

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday told Argentine President Alberto Fernández during the G20 summit in Bali, Indonesia, that it was “very important” that his country stayed on “course as it has done so successfully during the past few months.”

  • Thursday, October 13th 2022 - 20:57 UTC

    IMF Chief praises Argentine gov't

    “Our commitment is with the people of Argentina,” Georgieva insisted

    International Monetary Fund Managing Director Thursday praised the commitment of Argentine President Alberto Fernández's administration to comply with the debt-repayment program agreed upon.

  • Tuesday, October 11th 2022 - 10:29 UTC

    World Bank, IMF heads foresee recession ahead

    Malpass and Georgieva’s remarks came in a live-streamed discussion

    The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

  • Thursday, September 15th 2022 - 10:43 UTC

    Argentina/IMF: minister Massa pledges targets of program remain unchanged

    Primary deficit targets of 2.5% of GDP in 2022 and 1.9% of GDP in 2023, with an emphasis on improved targeting of energy, transport, and water subsidies

    The Managing Director of the International Monetary Fund, Kristalina Georgieva, met this week with Sergio Massa, Minister of Economy of Argentina, in Washington D.C. The meeting took place after a fruitful week of face-to-face technical meetings in the context of the second review of the program under the IMF’s Extended Arrangement with Argentina. After the meeting, Ms. Georgieva issued the following statement:

  • Monday, September 5th 2022 - 08:33 UTC

    IMF Approves Two-Year US$18.5 Billion Flexible Credit Line for Chile

    Kristalina Georgieva, Managing Director, said that “After an impressive recovery from the fallout of the Covid-19 pandemic, Chile is facing a marked increase in global risks”

    The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Chile under the Flexible Credit Line (FCL) in the amount of SDR 13.954 billion (about US$18.5 billion; 800 percent of quota).

  • Thursday, August 11th 2022 - 09:53 UTC

    IMF Chief ratifies agency's support to Argentina

    Massa plans to make an international tour to get funding for the country's meager coffers

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva congratulated Argentina's Economy Minister Serio Massa on his appointment and ratified the agency's support for the country's recovery, it was reported Wednesday.

  • Saturday, July 30th 2022 - 08:10 UTC

    No call, just a message from Argentine President to IMF Chief

    Georgieva had praised Batakis' efforts, but she was no longer Economy Minister upon arriving back from the US

    Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.

  • Tuesday, July 26th 2022 - 10:55 UTC

    Argentina: Unofficial dollar falls after Batakis meets IMF Chief

    Georgieva postponed her vacation plans to meet with Batakis, it was reported

    The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.

  • Monday, July 18th 2022 - 09:05 UTC

    Somber future ahead for Argentina's economy

    The worst can be avoided “if world markets calm down and the IMF steps in with its support,” a Reuters report pointed out

    Foreign Analysts do not see a bright future ahead for Argentina's economy. While some place it among the countries most likely to default its debt, others fear it might not survive a new adjustment to the basic interest rates by the United States.