News of international monetary fund

IMF improves growth outlook for Argentina's economy

12-10-2021 14:04 International Monetary Fund improves 2021 growth forecast for Argentina to 7.5%, rise of 1.1 points.

Georgieva kept on as IMF chief after data scandal review

12-10-2021 11:48 Kristalina Georgieva will remain as head of the International Monetary Fund after the lender’s board reviewed accusations that she improperly influenced a World Bank ranking of China’s business climate.

Argentina uses SDR boost to make debt payment to IMF

23-09-2021 17:28 Reaching an agreement with the Fund to reschedule next payments will be crucial in order to avoid US$19 billion in maturities next year.

Argentina made US$1.9-billion IMF payment amid election fallout

22-09-2021 14:26 Argentina transferred the International Monetary Fund US$1.88 billion Wednesday, complying with the first principal payment of record bailout.

IMF taps Credit Suisse’s Goldfajn for Western Hemisphere role

13-09-2021 15:09 International Monetary Fund taps Ilan Goldfajn, chairman of Credit Suisse Group AG in Brazil and a former Central Bank president in that country, to lead its Western Hemisphere Department.

IMF urges US$650-billion SDR injection be directed to Covid’s hardest hit

23-08-2021 15:42 IMF's record US$650-billion resource injection comes into effect; Kristalina Georgieva urging wealthy states to direct some of allocation to countries lacking means to cope with Covid crisis.

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.