News of georgieva

IMF: Formal talks over new deal with Argentina have begun

19-12-2024 21:09 The International Monetary Fund and Argentina have formally begun negotiations over a new loan agreement as the current programme draws to a close.

NEW IMF PROGRAMME

IMF in talks with Argentina on loan to succeed US$44-billion deal

19-12-2024 14:13 International Monetary Fund confirms it has formally opened talks with President Javier Milei's government over a new loan programme to replace its existing US$44-billion deal.

MILEI AWAITS TRUMP

IMF moves goal-posts for Argentina – no definitions until April

13-12-2024 15:25 The International Monetary Fund has presented Javier Milei with two conditions which must be met before any further remittance beyond the US$44.5 billion loaned to Mauricio Macri – obtain Congress endorsement for taking on new debt and making structural changes.

by Carlos Burgueño

IMF PROGRAMME

IMF confirms Argentina ‘exploring’ new financing programme

25-10-2024 17:26 Argentina’s government is “exploring options” for a new financing programme with the International Monetary Fund, confirms top official.

IMF DEBT PROGRAMME

Argentina’s quest for more IMF money stalls on currency controls

25-10-2024 16:36 Argentina wants a fresh injection of money to lift controls without worrying about a currency sell-off. But the IMF doesn’t want its resources used to artificially prop up a currency, like Argentina has done so many times before.

IMF ON ARGENTINA

IMF denies there is ‘specific timetable’ for new Argentina deal

11-07-2024 16:48 Julie Kozack, the Fund's communications director, contradicts claims by Economy Minister Luis Caputo that talks about new financing deal are underway and an agreement could be sealed this year.

INTERNATIONAL MONETARY FUND

IMF backs negotiator who drew Milei’s ire in Argentina aid talks

11-07-2024 15:48 Managing Director Kristalina Georgieva "has full confidence" in top negotiator Rodrigo Valdés despite criticism from President Javeir Milei.

IMF ANALYSIS

Argentina to move real rates to positive territory, IMF says

17-06-2024 14:57 IMF expects Argentina to take real interest rates into positive territory and ease currency controls in coming months.

G7 LEADERS SUMMIT

Milei at the G7: Laughter with Meloni, hugs for Pope, chat with Biden

14-06-2024 16:32 President had a warm meeting with the Italian PM and short exchanges with Pope Francis and Joe Biden. Bilateral meeting with Emmanuel Macron and IMF head Kristalina Georgieva.

INTERNATIONAL MONETARY FUND MEET

Milei to meet IMF chief during Argentina’s push for new programme

12-06-2024 23:06 President Javier Milei will meet face-to-face with the head of the International Monetary Fund in Italy this week as Argentina pushes for a new programme.

IMF DEBT PROGRAMME

Milei wins IMF staff support to unlock US$800 million

13-05-2024 12:07 IMF staff sign off on eighth review of Argentina’s US$44-billion programme, endorsing President Milei’s shock therapy programme and freeing up access to nearly US$800 million.

INTERNATIONAL MONETARY FUND

Inflation falling ‘a little faster than expected,’ says Georgieva

18-04-2024 15:51 Kristalina Georgieva, the head of the International Monetary Fund, says "inflation is coming down faster than expected" in Argentina.

International Monetary Fund

IMF chief Georgieva sole candidate in re-election process

04-04-2024 16:29 IMF Manging Director Kristalina Georgieva poised for a second term as nominations close.

LENDING BOOM

IMF is lending near-record US$150-billion to counter debt and wars

19-03-2024 13:09 The International Monetary Fund is lending around US$151 billion to almost 100 countries, evidence of its growing role as a backstop against the financial and political dangers of the post-pandemic world.

INTERNATIONAL MONETARY FUND

IMF says Milei move to delay Argentina spending cuts is ‘pragmatic’

02-02-2024 12:33 Kristalina Georgieva says IMF and Argentina aren’t discussing a new loan, says Javier Milei's new government has adopted a welcome and “dramatically different approach” to policy-making.

IMF DEBT

Milei vows to ‘keep promises’ after meeting with IMF chief

18-01-2024 01:15 President Javier Milei met IMF Managing Director Kristalina Georgieva after his speech to world leaders in Davos; Talks focused on Argentina’s US$44-billion programme and reaction to government’s austerity bid.

IMF DEBT PROGRAMME

President to meet Georgieva in Davos after winning IMF support

16-01-2024 09:09 President Javier Milei will meet International Monetary Fund Managing Director Kristalina Georgieva on Wednesday at the World Economic Forum in Davos, Switzerland.

IMF DEBT PROGRAMME

Caputo brokers deal with the IMF he once battled

11-01-2024 09:27 Luis Caputo is back for a second act, and the IMF that forced his exit during those 2018 talks is cheering his initial efforts to salvage an economy that plunged further into crisis.

IMF DEBT DEAL

IMF to visit Argentina amid expectation of new agreement

03-01-2024 08:56 The IMF's press office confirmed the meeting for Thursday. Nicolás Posse and Luis Caputo will lead talks.

IMF DEBT TALKS

IMF’s Georgieva, Milei discuss economic challenges in video call

25-11-2023 08:49 Argentina's president-elect Javier Milei and IMF chief Kristalina Georgieva had a first meeting via video call on Friday, in which they discussed the country's economic crisis.

IMF DEBT PROGRAMME

Javier Milei may find an unexpected friend in the IMF

21-11-2023 16:43 What will the relationship be like between Javier Milei and the International Monetary Fund, given the impact of Argentina's ongoing US$44-billion loan agreement?

ELECTION 2023: REACTION

IMF chief looks forward to 'working closely' with Javier Milei

20-11-2023 11:18 Reacting to Javier Milei's election win, Kristalina Georgieva says she looked forward to working with Argentina's president-elect.

IMF DEBT PROGRAMME

IMF says Argentina must 'contain' public spending on wages, pensions

25-08-2023 11:36 IMF statement stresses need for Argentina to "contain spending on wages and pensions."

DEBT DISBURSEMENT

IMF approves US$7.5 billion for Argentina despite missed targets

24-08-2023 01:04 Multilateral lender approves massive disbursement, extending a financial lifeline to government ahead of a tight presidential race; Sergio Massa holds talks with Kristalina Georgieva in Washington.

IMF DEBT DEAL

Government gets disbursement lifeline after Fund board approval

23-08-2023 23:02 The board decision completes the fifth and sixth reviews of the programme and enables immediate disbursement of the US$7.5-billion payment, according to an IMF statement.

MASSA IN WASHINGTON

Argentina says IMF to allow currency intervention to hold range

23-08-2023 22:42 IMF to allow Argentina to intervene in currency markets if peso drifts above or beyond a certain range, says Economy Minister Sergio Massa.

IMF DEBT PROGRAMME

IMF board approves US$7.5-billion disbursement for Argentina

23-08-2023 14:46 Spokesperson for Economy Minister Sergio Massa says IMF's executive board has approved release of US$7.5 billion in funds to Argentina.

IMF DEBT PROGRAMME

Massa packs bags for Washington and IMF meeting

16-08-2023 13:59 Just days after being defeated by Javier Milei at the ballot box, Sergio Massa schedules visit to Washington for talks with International Monetary Fund designed to shore up Argentina's economy.

IMF DEAL

Massa-IMF: secret meeting with Georgieva, agreement on horizon

20-07-2023 16:57 Serio Massa fine-tunes negotiations with the head of the IMF. Two other officials travelled to Washington for the fine print. Key backing from US, Germany and China.

by Ariel Maciel

IMF DEBT TALKS

Argentina expects to reach IMF staff-level agreement Friday

17-07-2023 17:18 Officials expect to close a staff-level agreement with the International Monetary Fund by Friday after months of negotiations over the US$44-billion programme.

IMF DEBT

Argentina to pay US$2.7 billion as IMF negotiations continue

29-06-2023 18:22 Government set to make payment due in June to the International Monetary Fund. In order to avoid a further dollar haemorrhage, payment will be made in part in Chinese currency, with the rest from unused Special Drawing Rights.

DEBT PROGRAMME IN DOUBT?

Argentina and IMF go back to drawing board on debt deal

27-04-2023 23:04 As an exchange rate crisis ravages the strength of the peso, spokespeople from the International Monetary Fund and the government confirm that “constructive” talks are underway to redraw terms of Argentina’s US$44.5-billion debt programme.

DEBT DEAL

‘Severe drought harming Argentina’s population,’ admits IMF chief

13-04-2023 18:09 Brazil’s President Lula claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme.

NEIGHBOURLY INTERVENTION

Lula says IMF is choking Argentina’s economy with debt

13-04-2023 12:52 Brazil’s president claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme.

IMF DEBT PROGRAMME

IMF calls for ‘stronger policy package’ from Argentina

02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.

IMF DEBT PROGRAMME

IMF board approves US$5.3-billion loan disbursement for Argentina

31-03-2023 19:48 International Monetary Fund’s executive board on Friday approved a US$5.3-billion disbursement to Argentina, a key step forward in the government’s programme that’s faced setbacks amid a worsening economic outlook.

IMF DEBT REVIEW

IMF ready to ease targets after review of Argentina's debt deal

13-03-2023 21:11 International Monetary Fund confirms staff-level agreement with Argentina on fourth review of debt programme and calls for “modification of net international reserve accumulation target”; News paves way for new US$5.3-billion disbursement later this month.

IMF DEBT DEAL

Argentina to change IMF net reserve target for third time

26-02-2023 08:46 Argentina and the IMF are discussing a smaller figure for net reserve accumulation in 2023, a cornerstone of the deal seen as the only major anchor providing some stability to the economy.

WHAT LIES AHEAD IN 2023

Economy 2023: inflation and austerity in an election year

11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.