Tag: Kristalina Georgieva

• Monday, February 24th 2020 - 07:59 UTC

  Argentina will allow IMF to inspect its accounts under Article IV consultations

  

  Argentina agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country’s debt situation had become “unsustainable”.

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

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

  

  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:

• Thursday, February 20th 2020 - 08:55 UTC

  Coronavirus “is our most pressing uncertainty...” for the global economy, admits IMF chief

  

  In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said on Wednesday.

• Wednesday, February 19th 2020 - 06:45 UTC

  IMF chief: we are rethinking our advice to emerging markets

  

  We need to understand better how various policy options interact our goal is to provide country-specific advice on the appropriate mix of policies needed to preserve growth and financial stability

• Monday, February 17th 2020 - 08:35 UTC

  IMF admits coronavirus epidemic could damage global economic growth

  

  The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1 to 0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women's Forum in Dubai.

• Wednesday, February 12th 2020 - 09:28 UTC

  Challenging week for the Fernandez administration as the IMF mission arrives in Buenos Aires

  

  A challenging week for the administration of Argentine president Alberto Fernandez and his foreign debt strategy. IMF negotiators land in Buenos Aires this Wednesday for their first mission since Fernandez took office in December. Before agreeing to any changes in the terms, negotiators will want to see Fernandez’s blueprint for tackling more than US$ 320 billion in total debt and for rescuing an economy that’s forecast to shrink for a third straight year.

• Wednesday, February 12th 2020 - 09:19 UTC

  Trump has a top Treasury official as candidate for the IMF No. 2 job

  

  President Donald Trump’s administration is considering nominating a top U.S. Treasury official for the No. 2 job at the International Monetary Fund in Washington, according to people familiar with the matter.

• Saturday, February 8th 2020 - 10:27 UTC

  New IMF chief Georgieva reshuffling top jobs: deputy Lipton to be replaced

  

  The top American serving at the International Monetary Fund will leave his post at the end of the month amid a reshuffling of the top leadership, the fund said Friday. David Lipton, 66, who has been in the number two position at the Washington-based lender since September 2011, will be replaced by newly installed IMF chief Kristalina Georgieva “in the context of changes she will be making to the leadership team,” the IMF said in a statement.

• Thursday, February 6th 2020 - 09:10 UTC

  Argentine Senate grants full power to the Fernandez administration to restructure foreign debt

  

  Argentina’s Senate voted in favor of a bill on Wednesday that grants power to the government of President Alberto Fernandez to handle a massive debt restructuring of bonds issued in foreign currency.

• Thursday, February 6th 2020 - 09:05 UTC

  Argentina tells IMF it can't continue servicing unsustainable debt

  

  Argentina on Wednesday told the International Monetary Fund that Buenos Aires cannot continue servicing unsustainable debt, as the IMF encouraged it to enact efficient restructuring policies.