He International Monetary Fund (IMF) and the World Bank (WB) announced this Monday that their annual meeting scheduled for October will be held in the Moroccan city of Marrakech, despite being one of the towns impacted by the September 8 earthquake that left 3,000 dead. The president of the WB, Ajay Banga, and the managing […]
Tag: IMF
Global roundtable on sovereign debt to meet to discuss restructuring
Global creditors will next week discuss including domestic debt in restructuring plans for countries in default, two sources with direct knowledge of the matter told Reuters, a sign of progress after months of delays. At the technical meeting on September 15 of the Global Roundtable on Sovereign Debt Representatives will participate, probably at the deputy […]
IMF’s Gopinath: Interest rates will remain high for “quite a while”
Emerging markets face a more volatile and uncertain future and must rebuild their fiscal buffers, increase their revenues, diversify their trade and prepare for the trillions of dollars a year that climate change will cost, the deputy chief of staff said on Friday. International Monetary Fund. The first deputy managing director of the IMFGita Gopinath […]
Recovering the fragile economy, the main axis of the candidates for president in Argentina
With eight weeks to go before the general elections on October 22, the economy continues to be the focus of the speeches of the main candidates, especially after the measures announced this Sunday by the ruling party and presidential candidate Sergio Massa in his role as Minister of Economy. The head of the Palacio de […]
Saving the “made in Germany”, the urgent mission of Chancellor Scholz
He turned Germany in the new “sick man” of Europe? Fear of economic decline dominates the start of the new course in the leading European economy and puts the government of Olaf Schölz. The former powerhouse of the European Union (EU) should be the only major industrial country to suffer a recession in 2023, according […]
Argentine debt achieves repurchases due to exchange rate delay and expectation of dialogue with IMF
Argentina’s sovereign bonds recovered the investment playoffs on Tuesday against attractive prices after a sharp retraction last week with the victory of the ultra-liberal javier milei in the primary elections (PASO) to determine candidates for president. The Government has just devalued the wholesale peso by 17.9% and set an exchange rate at 350 units per […]
IMF “assess” economic measures in Argentina and will disburse funds on August 23
He International Monetary Fund (IMF) applauds the measures taken by Argentinawhich devalued the peso and raised benchmark interest rates, and plans to disburse funds to the country on August 23, according to a statement released on Monday. In 2022, the IMF and the Argentine government agreed on a credit program under which the South American […]
US on “very narrow path” to avoid recession, says IMF chief economist
The US economy is on a “very narrow path” to avoid a recession, says the chief economist of the International Monetary Fund (IMF)), Pierre-Olivier Gourinchas, who also warns of risks in China’s recovery. “A recession is not at our starting point”, Gourinchas told AFP during an interview at the IMF headquarters in Washington, ahead of […]
Argentina reaches an understanding with the IMF staff for the revision of the 2022 agreement
Argentina announced this Sunday that it has reached an understanding with the staff of the International Monetary Fund (IMF)) for the review of the objectives and goals of the debt refinancing agreement signed in March 2022. “The teams from the Ministry of Economy and the Central Bank of Argentina, and the IMF staff have completed […]
Russia puts world food security at risk by refusing to renew agreement
When Russia invaded Ukraine in February 2022, it blocked Ukraine’s Black Sea ports, but an agreement with Turkey and the United Nations (UN) in July allowed grain shipments to continue to flow. A year later, the Russians have set certain conditions to renew this deal. Authorities from Ukraine, which is one of the largest exporters […]