Tag: Kristalina Georgieva

• Thursday, November 12th 2020 - 08:55 UTC

  IMF chief addresses Biden proposing a “greener, smarter and fairer” global economy

  

  The election of Joe Biden as US president gives the International Monetary Fund (IMF) a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan.

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

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

  

  “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.

• Wednesday, September 9th 2020 - 09:50 UTC

  S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

  

  Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.

• Thursday, August 27th 2020 - 08:43 UTC

  Argentina notifies IMF of a request for a new fund arrangement

  

  IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:

• Saturday, May 16th 2020 - 07:57 UTC

  IMF calls on digital companies' responsible behavior as the “big winners from the pandemic”

  

  The technology companies that are reaping gains as a result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.

• Thursday, May 14th 2020 - 08:15 UTC

  Chile requests IMF US$ 23,8 billion, under the Flexible Credit Line

  

  The International Monetary Fund (IMF) Executive Board met on Wednesday in an informal session to discuss a request from the Chilean authorities for a two-year arrangement under the Flexible Credit Line (FCL) with the IMF in an amount equivalent to SDR 17.443 billion (about US$23.8 billion or 1,000 percent of quota).

• Wednesday, May 13th 2020 - 07:55 UTC

  Modest optimism Argentina and bondholders can strike a deal by 22 May

  

  Argentine bonds jumped on Tuesday as the country’s government and creditors sought to strike a deal to restructure US$ 65 billion in foreign debt by May 22 after an initial deadline passed last week without a pact.

• 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.

• 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.

• 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: