The argentine president Alberto Fernandez stated that your country cannot pay International Monetary Fund (IMF) this year’s debt maturities and questioned whether the agency is trying to impose an economic program based on the adjustment in the framework of the current negotiations to refinance a loan for about US $ 44,000 million. Fernández told AM […]
Tag: IMF
Argentine strategy for agreement with IMF hits a wall of doubts
Argentina’s defense of its fiscal spending plan is putting it on a new collision course with the International Monetary Fund (IMF), although analysts believe that the South American country will be forced to change its position and close a deal to avoid a even bigger crisis. The Argentine government and the IMF have been in […]
IMF asks emerging economies to be ready for Fed interest rate hikes
The International Monetary Fund (IMF) warned emerging economies about a possible hike in interest rates from the Federal Reserve Board (FED) of the United States. According to the international body, faster-than-expected cycles in the Federal Reserve could shake financial markets and trigger capital outflows, as well as a depreciation of their currencies. In a blog […]
IMF: emerging economies must prepare for Fed tightening monetary policy
Emerging economies should prepare for US interest rate hikes, the International Monetary Fund (IMF) said, warning that faster-than-expected cycles from the Federal Reserve (Fed) could shake financial markets and trigger outflows. of capital and a depreciation of its currencies. In a blog posted Monday, the IMF said it expects strong US growth to continue and […]
Central Bank of Argentina raises benchmark rate to 40% and redesigns financial instruments
Updated on 01/06/2022 07:17 pm The Central Bank of Argentina (BCRA) decided this Thursday to increase its reference rate by two percentage points, to 40% per year, and ordered a general redesign of the monetary policy instruments to reinforce the conditions of macroeconomic stability. The 28-day liquidity letter ‘Leliq’, which remained at 38% since November […]
The negotiation between Argentina and the IMF is approaching its “D-day”
Negotiations between Argentina and the International Monetary Fund (IMF) to refinance multi-million dollar loans granted in 2018 have been going on for more than a year and there is still a lack of consensus on core points, while heavy debt maturities are approaching as of March that the South American country will not is in […]
Argentina still drags the burden of debt after 20 years of the colossal “default”
The colossal cessation of payments that Argentina declared 20 years ago it will be remembered as one of the most resonant events in the country’s dramatic history as a “serial debtor”, a drastic measure, adopted in the midst of an unprecedented crisis, and the consequences of which have not yet been resolved. “We are going […]
Partial reform will only allow the collection of 0.20 points of GDP
The Congress of the Republic partially approved the legislative powers in fiscal, financial and economic reactivation matters requested by the Executive at the end of October. In that sense, The Ministry of Economy and Finance (MEF) reported that the measures supported by the Legislative will manage to collect only 0.20 points of GDP, well below […]
IMF Says Fed’s Tapering Acceleration Is A Well-calibrated Response
Updated 12/16/2021 02:13 pm The decision by the United States Federal Reserve (Fed) to accelerate the reduction of bond purchases is a well-calibrated response to the mounting pressures on wages and prices, but increases the risks for emerging markets, said the spokesman for the IMF, Gerry Rice. A day after the Fed flagged three potential […]
IMF: world debt climbed in 2020 to a record level of US $ 226 trillion, 256% of GDP
Updated 12/15/2021 11:23 am World debt reached a record level of US $ 226 trillion last year, equivalent to 256% of the planet’s GDP, as a result of the pandemic, the International Monetary Fund announced on Wednesday. The rise thus stands at 28% in one year, the highest since the Second World War. “Credits assumed […]