Updated on 12/10/2021 03:53 pm The International Monetary Fund (IMF) and Argentina are “fully committed“To achieve a new program, the lender said on Friday, although more talks are needed following recent technical meetings between the two sides in Washington. The southern country is seeking a new agreement with the IMF to face the payment of […]
Tag: IMF
Francke on new mining tax: “If it is not now, we will lose the opportunity”
The Minister of Economy and Finance, Pedro Francke, He argued that, at least, US $ 13,500 million were able to raise mining companies since the metal rally began in the international post-pandemic market, including copper, the main input exported by our country. “The price of metals is at a very good level. More than US […]
US bank executives are concerned about persistent inflation
Bank executives from USA expressed concern about the impact of a sustained acceleration of the inflation, which increases pressure on the Federal Reserve to accelerate plans to reduce the pace of its asset purchases. Senior banking officials are increasingly concerned that inflation could affect borrowers’ ability to repay loans, slow US economic growth and destabilize […]
Hopes for an Argentina-IMF agreement are growing, but at what cost?
Two decades ago the leftist leader Alejandro Bodart marched through the streets of Buenos Aires to protest against the International Monetary Fund (IMF), which many Argentines then blamed for the ‘austerity measures’ that aggravated the worst economic crisis in the history of the country. Now the drums of war are beating again for Bodart, who […]
The “corralito” of 2001, a “leap into the void” that still impacts Argentina
The banking corralito in Argentina, whose creation was completed last Wednesday 20 years, constituted a “leap into the void” that only accelerated the outbreak of one of the worst economic, social and political crises in the country and whose consequences still impact on its complex economy. The restrictions to withdraw the money deposited in the […]
Representatives of Argentina travel to Washington for negotiations with the IMF
Representatives of the Ministry of Economy and the Central Bank of Argentina They travel to Washington this Saturday to continue the negotiations opened since last year with the International Monetary Fund (IMF) to refinance multi-million dollar debts with that agency. IMF sources consulted by Efe confirmed this Saturday that the agency’s team led by the […]
IMF Says US Monetary Policy Should Focus More On Inflation Risks
The International Monetary Fund (IMF) warned of mounting price pressures and new uncertainty caused by the omicron variant of COVID-19, saying that US central bankers should focus more on inflation risks. In a blog posted on Friday, the IMF’s chief economist, Gita Gopinath, and Tobias Adrian, director of the fund’s money and capital markets division, […]
IMF warns of economic collapse in countries that do not renegotiate debt
The International Monetary Fund has warned of an “economic collapse” in some low-income countries unless the creditors of the world’s richest nations suspend debt payment obligations and help to renegotiate new terms. About 60% of the world’s poorest countries are at high risk for or already suffering from distressed debt, double the number in 2015, […]
Peru has room to increase progressivity of the mining tax regime, says the IMF
The International Monetary Fund (IMF) presented this week its preliminary report on the Peruvian disc regime, one of the points evaluated being mining tax regime. In this regard, the IMF highlighted that the current regime is progressive based on a profit-based scheme, a characteristic that the Fund considers important to maintain Peru’s competitiveness as a […]
How unequal was the increase in wealth and savings in times of COVID
Updated on 11/27/2021 05:32 am Household savings increased dramatically during the COVID-19 crisis in many countries. Lower consumption, both as a result of lockdowns and as a precaution, combined with an increase in disposable income from government transfers allowed households to put more money into their bank accounts, buy stocks, a house, or pay off […]