The Ministry of Economy and Finance (MEF) reported that the International Monetary Fund (IMF) ratified that Peru will maintain access to a Flexible Credit Line (LCF) of up to US$5.3 billion, which the country may activate if required in the event of external risk impacts. The ministry noted that, in its mid-term evaluation of the […]
Tag: IMF
Argentina announces economic measures to counter the rise in prices
Argentina will adjust interest rates to stop the dollarization of its economy, the central bank You will have more freedom to control the badge abroad and agreements with the IMF. These are some of the measures advanced on Sunday by the country’s Ministry of Economy, which will announce more initiatives during the week, after knowing […]
The IMF warns of “serious repercussions” globally if the US does not raise its debt ceiling
He International Monetary Fund (IMF) reiterated this Thursday the urgent need for the us congress raise the debt ceiling since, if you don’t, there will be “serious repercussions” both for the US economy and globally. “Our assessment is that it will have very serious repercussions not only for the US but also for the Global […]
IMF raises economic forecasts for Asia: expansion of 4.6% in 2023
He International Monetary Fund (IMF) on Tuesday raised economic forecasts for Asia as China’s recovery propped up growth, but warned of the risks of persistent inflation and volatility in global markets, fueled by woes in the Western banking sector. According to a report collected by the Reuters agency, the IMF foresees that the reopening of […]
Cristina Fernández de Kirchner’s son questions the Argentina-IMF agreement again
The pro-government Argentine deputy Máximo Kirchner, son of the late former president Néstor Kirchner (2003-2007) and the current Argentine vice president, Cristina Fernandezquestioned again this Saturday the heavy burden that the debt refinancing agreement signed in March 2022 with the International Monetary Fund (IMF). In an act in Buenos Aires before some 5,000 militants of […]
BCRP does not yet plan to reduce the reference rate
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst case scenario for a central banker is to lower […]
ECB: Banking crisis should not mean cutting interest rates
The president of the European Central Bank (ECB)Christine Lagarde, argued on Sunday that the recent banking crisis should not imply a reduction in interest rates by her institution. “We don’t have to cut (rates). We’ll see. Because we really have to gauge what will come out of these recent financial events.”Lagarde said in an interview […]
China, about to announce the expected recovery of its economy
China will announce on Tuesday its first quarterly data on Gross Domestic Product (GDP) since the end of the sanitary restrictions against the covida figure that according to analysts should mark a rebound in the world’s second largest economy. The Asian giant’s policy to contain the virus, with strict quarantines, massive tests and travel restrictions, […]
IMF: the rich must pay more taxes to contain high inflation in Latin America
He International Monetary Fund (IMF) foresees that inflation in Latin America will reach “unacceptably” high levels, for which reason it has warned the region to take strong measures. Among the main ones is implementing stricter fiscal policies, raising, for example, taxes the richest, as well as supporting central bankss in its monetary policy without cutting […]
Georgieva on global growth: I don’t think anyone is saying 3% is fabulous
The director of the International Monetary Fund (IMF), Kristalina Georgieva, affirmed this Thursday that the global growth forecast for the coming years, which will be around 3%, can never be considered “fabulous”, although it is far from recession. “If you read the numbers I don’t think anyone will say ‘oh these are fabulous numbers”, affirmed […]