The International Monetary Fund (IMF) faces the first in-person meeting with the Government of the President of Argentina, Javier Milei, with the goal of supporting ongoing efforts to “restore macroeconomic stability“, official sources from the financial organization told EFE. These sources confirmed that an IMF delegation will travel to Argentina tomorrow, Thursday with the aim […]
Tag: IMF
IMF Mission arrives in Argentina to renegotiate debt financing
The government of the Argentine president Javier Milei will receive on Thursday a mission from International Monetary Fund (IMF) to renegotiate the payment agreement debt of some US$ 45,000 million that it considers to be inoperative. Presidential spokesman Manuel Adorni told reporters on Tuesday that the objective of the visit is to renegotiate the agreement […]
GDP falls for the sixth month in a row and registers -0.65% as of October
October has served to consolidate the recomposition of the activities that generate the greatest negative contribution to national production. The drop of 0.82% in the tenth month of the year confirms that manufacturing has been displaced by the non-primary sectors of construction and financial services—in addition to agriculture—in the area that traditionally anchors GDP. After […]
Argentina is getting ready to receive financing from CAF to pay US$913 million to the IMF
Argentina will receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a payment of 913 million dollars to the International Monetary Fund (IMF) next week, two sources familiar with the matter told Reuters. Argentina, whose US$44 billion program IMF makes it the largest debtor of the fund, it must […]
Will Luis Caputo, the “Messi” of finance, be able to combat Argentine inflation?
Luis Caputoin charge of solving the worst economic crisis in Argentina In decades, he was once nicknamed “Messi” for his financial ability in giants like JP Morgan and Deutsche Bank. Now he faces the challenge of recovering the country’s economy, a goal that is comparable to a World Cup. Caputo, 58, former finance minister and […]
With a tough economic horizon, Argentina begins the ‘Milei era’
With a tough economic horizon, beyond the already complicated present, Argentina began this Sunday the ‘era Milei‘, the presidential mandate of the libertarian economist who kicked the board of the South American country’s politics until he became the “first liberal libertarian president” of history. With that phrase that he used on the election night of […]
AMLO minimizes the drop in Mexico’s educational results in the PISA report
The president of Mexico, Andrés Manuel López Obradorminimized this Wednesday the results of the report of the International Program for Student Monitoring (PISA) published on Tuesday, which revealed a decline in the level of Mexican students in mathematics, reading and science. “We do not take them into account because all these parameters were created in […]
After a week of his electoral victory, Milei has not finished putting together his team
The libertarian Javier Mileileader of the far-right party La Libertad Avanza, has thrown himself headlong into the complex transition process ahead of his inauguration on December 10. However, uncertainty continues to prevail among investors, especially because Milei has not finished defining the assembly of his Government and, in particular, the economic team that must execute […]
Tax pressure would fall to historic lows of 15%
The Ministry of Economy and Finance (MEF) has estimated that Peru’s tax pressure (ratio between tax revenue and GDP) will fall from 16.8% in 2022 to less than 15% in 2023, due not only to the recession in course, but to multiple bills promoted from the Congresswhich have eclipsed the country’s fiscal accounts. Miryam Yepes, […]
Trade exchange in the region reaches 47% of GDP
He International Monetary Fund (IMF) warned that most Latin American and Caribbean countries are not “taking advantage of the full potential of international trade,” considered by the organization as an important engine of growth in emerging markets. The international organization assures that although the region has made some progress in terms of trade openness, remains […]