News of international monetary fund

IMF sees US$45-billion deal with Argentina pushed into 2022

19-06-2021 09:20 International Monetary Fund privately estimates that any deal with Argentina will be pushed into 2022 as President Fernández has little incentive to quickly agree a new financing programme.

Fernández urges IMF to suspend surcharges on US$45-billion loan

12-05-2021 15:28 President Alberto Fernández urges IMF to suspend surcharges applied by the multilateral lender to countries that use its credit lines extensively.

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

Mexico, Argentina urge debt relief for middle-income nations

08-04-2021 11:36 Mexico and Argentina call for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic; IMF open to doing more to support nations hit hard by virus crisis.

IMF sees upside in delaying Argentina deal after October

11-03-2021 14:08 IMF officials see some benefit in delaying a US$45-billion agreement with Argentina after the October midterms, with talks yielding little progress six months after they began.

Government considers using new IMF reserves for loan payment

26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.

Latin America won’t see pre-virus growth until 2023, IMF says

22-10-2020 18:00 Most countries in Latin America will be unable to return to their pre-pandemic growth levels until 2023, says the IMF.

IMF envisions a sharp 4.4% drop in global growth for 2020

13-10-2020 11:39 International Monetary Fund predicts steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession. Argentina's economy now forecast to contract by 11.8%.

Government seeks to reach new IMF agreement before April

07-08-2020 00:49 Government seeks deal with the International Monetary Fund over a new financing programme before the end of March, in order to renegotiate US$2-billion payment owed to the Paris Club that matures in May.

IMF predicts Argentina's economy will slump 9.9% in 2020

25-06-2020 01:16 Warning of the biggest slump since the Great Depression, International Monetary Fund warns coronavirus crisis will sink global economy in 2020, predicts global collapse in GDP of 4.9%.

Washington backs Alberto on debt but fears the ‘CFK risk’

14-03-2020 10:08 The United States government is backing President Alberto Fernández’s debt restructuring efforts and hopes he will emerge strengthened after a successful outcome.

by Patricia Valli

IMF cannot offer Argentina a haircut on loan, Georgieva says

17-02-2020 08:36 IMF chief rules out a haircut, but says her organisation backs Alberto Fernández administration's bid to return country to growth.

Fernández tells IMF chief Argentina will 'comply with debt obligations'

20-11-2019 09:49 President-elect tells IMF chief Kristalina Georgieva that he has a plan to grow the economy and tackle the nation’s debt without "more fiscal adjustments."

Alberto Fernández discusses IMF debt with Trump adviser

07-11-2019 12:02 President-elect reportedly tells US official he will honour IMF debt and wants to work together with Trump, despite differences on other issues.

What will Macri be like when he leads the opposition?

28-09-2019 04:29 Will Macri’s real contribution to the country be the construction of a reasonable opposition?

by Agustino Fontevecchia

Bulgarian economist Kristalina Georgieva chosen to be IMF's new leader

25-09-2019 17:59 Georgieva, a top official at the World Bank, was chosen by the IMF’s executive board on Wednesday to become the body's new managing director. She succeeds Christine Lagarde.

Steady as it goes: The World Bank and Argentina

07-09-2019 01:44 The World Bank lent some US$8 billion in over 50 credits to both the tail end of the 1976-1983 military dictatorship and the elected Raúl Alfonsín Radical government.

by Michael Soltys

The campaign or the nation?

31-08-2019 01:30 Argentina’s ninth debt default in its history is but one more stain in an already tarnished reputation.

by Agustino Fontevecchia

My name is bond, 'reprofiled' bond

31-08-2019 00:37 When volatile Argentina shudders, its peso currency is thumped. The dollar deposit drain, a hushed issue that nobody wants to talk about in the open, is not slowing down.

by Martín Gambarotta

With US$56-billion loan in danger, IMF officials arrive in Argentina

26-08-2019 17:13 IMF delegates, who arrived in Argentina on Saturday and immediately began meetings with policy makers, face a tricky choice with unwelcome echoes from two decades ago.