The president of the Central Reserve Bank of Peru (BCRP), Julio Velardeparticipated on Tuesday in the Meeting of Ministers and Governors of the Intergovernmental Group of Twenty-four for International Monetary Affairs and Development (G-24), in the framework of the Spring Meetings of the Group world Bank and the International Monetary Fund (IMF) in Washington. At […]
Tag: IMF
IMF on the Peruvian pension system: “Pensions are ineffective”
He International Monetary Fund (IMF) He is blunt in his perspective on the Peruvian pension system: it is not enough and it is a priority to promote its reform. In a recent report, they detailed that pensions are important to level income and alleviate poverty in old age, but these “are relatively ineffective”, since they […]
IMF cuts expansion estimate for Latin America this year How much will Peru grow?
The economy of Latin America and the Caribbean will grow 1.6% this year, 0.2 percentage points less than anticipated in January, in a context marked by subjacent inflation “stubborn”, indicated this Tuesday the IMF. In updating its economic outlook, the International Monetary Fund also forecasts that Brazil’s economy will expand 0.9% (-0.3 percentage points compared […]
IMF recommends continuing to raise interest rates despite banking crisis
He International Monetary Fund (IMF) recommended this Tuesday to central banks that they continue raising their interest rates to fight against high inflation, despite the uncertainty in the banking sector caused by the bankruptcy of two entities in the United States last March. In his report on financial stability, published on the occasion of the […]
World Bank reviews 2023 global growth at 2%
The lack of confinement of markets in China has contributed to decongesting the global growth figures for 2023, anticipated this Monday the world Bank (BM) during the first day of its spring meetings with the International Monetary Fund (IMF). Thus, the head of the multilateral organization, David Malpass, announced a progress of three tenths from […]
World Bank plans to raise global growth forecast to 2% due to improvement in China
He World Bank (WB) He announced that he will raise the world growth forecasts for this year by three tenths, to 2%, thanks to the better prospects for China after the end of the blockades due to the pandemic, as indicated on Monday by the president of said institution, David Malpass. “It’s an upward revision […]
IMF warns of financial risks lingering after banking turmoil
The recent banking turmoil in the United States and Europe could spill over to crucial non-bank institutions such as pension funds, further complicating central banks’ fight against high inflation, the International Monetary Fund (IMF) warned on Tuesday. banking riskscould intensify in the coming months amid continued tightening of global monetary policy” and also spread to […]
IMF recommends fiscal tightening to help lower inflation
The International Monetary Fund (IMF) on Monday recommended fiscal tightening policies to help lower inflation, which are offset by incentives for the most vulnerable groups, to prevent the full weight of the measures to contain prices from falling on increases in prices. interest rates. “Fiscal tightening is appropriate in many countries because public debts are […]
IMF: uncertainty over the banking crisis in the United States remains “high”
The International Monetary Fund (IMF) considers that the uncertainty due to the banking crisis It remains “high”, which justifies “continuous vigilance” after the bankruptcy of two banks in the United States, the rescue of a third and Credit Suisse’s problems in Europe. Therefore, he announced that he will make a more detailed assessment of the […]
IMF considers that uncertainty due to the banking crisis remains “high”
The International Monetary Fund (IMF) considered this Thursday, March 23, that uncertainty due to the banking crisis continues to be “high”, which justifies “continuous surveillance” after the bankruptcy of two banks in the United States, the rescue of a third and Credit Suisse’s problems in Europe. He announced that he will make a more detailed […]