The war in Ukraine will have a “severe impact” on the world economy if the conflict escalates, affirmed the International Monetary Fund (IMF) this last Saturday, March 5. In addition, he specified that countries with economic ties with Kyiv and Moscow are exposed to higher risks. While the situation remains highly fluid and the outlook […]
Tag: IMF
EU wants the IMF to cut off all financing with Russia to stop its invasion
A group of officials from the European Union seeks to curb Russia’s influence and its access to financing in the International Monetary Fund (IMF), as a sanction for its invasion of Ukraine. In a note by Jan Strupczewski and Francesco Guarascio, disclosed by Reuters, it is presumed that this scenario now being discussed would increase […]
EU studies curbing Russia’s rights in the IMF after invasion
Officials of the European Union (EU) are examining the possibility of curbing Russia’s influence and its access to financing in the International Monetary Fund (IMF) after its invasion of Ukraine, six officials have told Reuters. This scenario now being discussed would increase pressure on Russia’s economy and financial system and would also mark an important […]
Argentina and the IMF, the new chapter in a long history
Argentina reached an agreement on Thursday with the International Monetary Fund (IMF) to refinance US$45 billion that it owes to the Washington-based entity since 2018, in a new program that must still receive the approval of the Argentine Congress and the board of directors. of the multilateral organization. The new program would ease Argentina’s hefty […]
Argentina closed an agreement with the IMF to refinance debt of US $ 45,000 million
Argentina closed an agreement with the International Monetary Fund (IMF) to refinance its debt with the organization for US$ 45,000 million, through a new credit agreement that will be submitted to Congress and must be ratified by the IMF board, the Ministry announced. of Economy. “The government will send to Congress this Thursday the agreement […]
Argentina, the largest debtor to the IMF, goes for a new pact after many failures
Argentina, the largest debtor to the International Monetary Fund (IMF), is seeking a new agreement with the financial institution, dragging on its back a history of failed programs that have largely led to the eventful future of the second largest South American economy over the last six decades. The IMF, which turns 75 this Tuesday […]
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
IMF warns of “significant economic risk” due to Russia’s invasion of Ukraine
Updated on 02/24/2022 01:13 pm The director of the International Monetary Fund (IMF), Kristalina Georgieva, warned that the war in Ukraine will have repercussions on the world economic recovery. Following Russia’s invasion of Ukraine, Georgieva said on Twitter that she was “deeply concerned” and warned that this “adds significant economic risk to the region and […]
Argentina agreement with IMF will put exceptional access to the test
As International Monetary Fund staff and Argentina move forward in talks for a new deal, the lender’s board is closely assessing whether the country meets four key criteria that would allow it to receive a large loan. At a meeting last week between the Washington-based agency’s technical staff and its executive board, one of the […]
IMF: financial hardening of the United States is one of the main risks for Latin America
One of the main risks for Latin American countries is the financial hardening of advanced economies such as the United States, Ilan Goldfajn, director of the Western Hemisphere Department of the International Monetary Fund (IMF). “The first risk is the pandemic because we really don’t know if we are going to have a new wave. […]