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.
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.
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.
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.
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:
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$18.5 billion; 800 percent of quota).
International Monetary Fund (IMF) Managing Director Kristalina Georgieva congratulated Argentina's Economy Minister Serio Massa on his appointment and ratified the agency's support for the country's recovery, it was reported Wednesday.
Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.
The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 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.
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.