News of international monetary fund

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 CREDIT LINE

Caputo says Argentina in talks with IMF over new deal, fresh funds

23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.

ECONOMIC OUTLOOK

IMF casts doubt over Milei administration’s inflation estimate

22-10-2024 12:38 The International Monetary Fund estimates Argentina’s inflation rate in 2025 will hit 45%, a significant variation from the 18% projected by Javier Milei’s government in its budget bill.

International Monetary Fund

IMF moves to ease billions in penalty fees for biggest borrowers

12-10-2024 13:52 International Monetary Fund reduces borrowing costs for some of the world’s most indebted nations, slashing so-called 'surcharges' in a move that will benefit Argentina, among other nations.

INTERNATIONAL MONETARY FUND

IMF eyes decision on loan-penalty relief by October meetings

16-09-2024 13:20 The IMF’s executive board plans Monday to hold an informal meeting on the review of the so-called surcharges, fees that apply to nations including Argentina.

INTERNATIONAL MONETARY FUND

IMF official steps back from Argentina talks in feud with Milei

12-09-2024 13:34 IMF's top negotiator with Argentina delegates talks to colleagues after drawing the ire of President Javier Milei.

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.

ECONOMIC OUTLOOK

IMF downgrades Argentina's economic outlook for 2024

17-06-2024 12:39 International Monetary Fund downgrades estimate, forecasting that the economy will contract by 3.5% this year.

IMF REVIEW

IMF approves US$800 million for Argentina as Milei eyes new deal

13-06-2024 20:06 IMF executive board approves latest review of Argentina's multi-billion-dollar loan programme, paving way for release of US$800 million in fresh funds.

POLITICS & ECONOMY

Milei looks to keep winning streak alive in crucial IMF meeting

13-06-2024 20:03 President Milei will walk into a meeting with the head of the International Monetary Fund Friday emboldened by the most successful series of wins since he took office six months ago.

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.

CHINA CURRENCY SWAP

IMF expects China to reschedule billions in Argentina’s debt

12-06-2024 11:34 IMF expects China to reschedule payments from the US$18-billion swap line that it has extended to Argentina.

NEW IMF PROGRAMME?

Caputo says Argentina will seek new IMF programme to exit 'cepo'

11-06-2024 12:57 Economy Minister Luis Caputo says President Milei’s government intends to “negotiate a new programme” with the International Monetary Fund that will allow Argentina to remove currency controls.

INTERNATIONAL MONETARY FUND

IMF urges increased assistance for Argentina’s poorest

06-06-2024 15:37 Fund’s chief spokeswoman Julie Kozack warns that Milei’s economic adjustment “should not fall disproportionately on working families.”

IMF DEBT PROGRAMME

IMF endorses Milei austerity, paves way for new funds

13-05-2024 13:05 Multilateral lender signs off on eighth review but says Milei government has put US$44-billion programme “firmly back on track”; Argentina to receive US$800 million in funds to make upcoming loan payment.

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.

ECONOMIC ASSESSMENT

IMF: Argentina meeting programme targets by ‘significant margins’

22-04-2024 11:53 Milei’s stabilisation plan "has yielded better results than we expected in our last programme review," says Rodrigo Valdés, IMF's director for Latin America and the Caribbean.

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 faces pressure to cut billions in fees for large borrowers

09-04-2024 16:51 IMF releases statement saying that “a number” of its board members were open to reviewing policies around surcharges, a move that could benefit Argentina, among other nations.

INTERNATIONAL MONETARY FUND

IMF hails Argentina’s ‘impressive’ progress under Milei

04-04-2024 19:27 Progress made by Milei administration is "impressive" but "the road to stabilisation is never easy," says IMF Communications Director Julie Kozack.

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.

IMF DEBT PROGRAMME

Argentina, IMF talking about new programme outline

29-02-2024 12:20 Argentina, IMF in talks about outline of possible new programme to speed up exit from capital controls.

ECONOMIC CRISIS

IMF says Milei's austerity measures should not hurt the poor

25-02-2024 13:42 IMF deputy managing director Gita Gopinath says in an interview that Argentina's austerity measures must be calibrated to ensure "the burden does not fall entirely on the poorest groups."

IMF DEBT PROGRAMME

IMF deputy chief says Argentina needs 'consistent' monetary, exchange policy

23-02-2024 09:30 International Monetary Fund second-in-command Gita Gopinath said Argentina's government is making significant efforts to "restore macroeconomic stability" after meeting with President Javier Milei.

IMF DEBT PROGRAMME

IMF number two in BA for talks as social unrest grows

21-02-2024 18:21 Deputy managing director of the International Monetary Fund, Gita Gopinath, begins two-day visit by meeting for four hours with key government officials.

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 PROGRAMME

Milei wins IMF approval for US$4.7-billion Argentina disbursement

31-01-2024 20:29 International Monetary Fund signs off on US$4.7-billion loan disbursement to Argentina.

IMF DEBT PROGRAMME

IMF to postpone Argentina review to give Milei more time

31-01-2024 12:28 Troubled nation’s quarterly review, scheduled for September, will move to November, according to Reuters. If confirmed, it would give the government greater scope to implement economic changes and potentially negotiate a new programme.

BLOOMBERG - ANALYSIS

IMF sharply cuts Argentina’s growth forecast on Milei’s plan

30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December.

ECONOMIC OUTLOOK

IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction

30-01-2024 15:55 Multilateral lender warns that inflation is expected to increase in the short term, projecting growth of minus 2.8 percent this year and plus five percent in 2025.

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.

POLITICS & ECONOMY

Chainsaw Plan Round 2: Government looks to deepen austerity

14-01-2024 10:19 Economy Minister Luis Caputo assures that there has been no fiscal shock so far in Argentina and that there is still room for further tightening. If President Javier Milei’s ‘Omnibus law’ does not pass through Congress, cutbacks will continue for state personnel, with cuts in overtime, the freezing of salaries, and the non-renewal of expiring contracts.

by Juan Pablo Kavanagh

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 PROGRAMME

IMF staff show support for Milei’s 'ambitious stabilisation plan'

10-01-2024 22:04 Staff-level agreement paves the way for a new disbursement of US$4.7 billion in funds from Argentina’s "fallen" programme, says Economy Minister Luis Caputo.

IMF DEBT DEAL

Government reaches deal with IMF staff to unlock US$4.7 billion

10-01-2024 17:15 Argentina reached an agreement Wednesday with staff from the International Monetary Fund on the seventh review of the country’s US$44-billion programme.

Milei in America

Milei makes contact with Biden administration in Washington

28-11-2023 22:52 Argentina's president-elect Javier Milei makes first contact with officials from US President Joe Biden's government.

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?

IMF DEBT DEAL

IMF toughens stance, questions Massa's measures

09-11-2023 19:42 Directors on multilateral lender's board reportedly concerned by dramatic loss of reserves as they toughen criticism of Argentina’s government.

IMF DEBT PROGRAMME

Argentina makes US$2.6-billion IMF payment as reserves drop

01-11-2023 12:16 Government complies with US$2.6-billion maturity, taking reserves to razor-thin levels.

WARNING FROM FUND

IMF warns Argentina not to dawdle on incremental economic reform

14-10-2023 07:47 Argentina has no time to make gradual economic adjustments as it faces soaring consumer prices and its sixth recession in a decade, says top IMF official.

ECONOMIC OUTLOOK

Argentina’s economy to contract 2.5% this year, says IMF

10-10-2023 12:56 Latest forecast from International Monetary Fund foresees 121.7% inflation and 2.5% GDP shrinkage in 2023; Report predicts 2.8% growth in 2024.

IMF DEBT PROGRAMME

IMF confirms Argentina asked to postpone October payments

06-10-2023 14:52 Request confirmed by the global monetary watchdog on Thursday; Government will have to pay US$3.4 billion after the election.

CRITICISM FROM IMF

IMF delivers rare public rebuke to Massa over cash handouts

28-09-2023 18:48 Spokesperson for multilateral lender says Sergio Massa’s cash handouts ‘add to Argentina’s challenges’ during press conference.

International Monetary Fund

IMF says Argentina’s spending adds risks to US$44-billion deal

28-09-2023 15:41 “The recently adopted policy measures and announcements add to Argentina’s challenges,” IMF chief spokesperson Julie Kozack said at a press conference in Washington.

DOLLARISATION ON THE CARDS?

Former IMF board member backs Milei’s dollarisation of Argentina

21-09-2023 23:14 Mark Rosen, a former US official on the IMF's board from 2019 to 2021, offers rare show of establishment support for Javier Milei's dollarisation proposal.

UNITED NATIONS GENERAL ASSEMBLY

President Fernández uses final UNGA address to reiterate IMF, Malvinas demands

19-09-2023 20:44 President Alberto Fernández demands United States end "inadmissible" economic blockade of Cuba and sanctions applied to Venezuela in final address to United Nations General Assembly as head of state.

News of international monetary fund

IMF confirms Argentina ‘exploring’ new financing programme

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

Caputo says Argentina in talks with IMF over new deal, fresh funds

IMF casts doubt over Milei administration’s inflation estimate

IMF moves to ease billions in penalty fees for biggest borrowers

IMF eyes decision on loan-penalty relief by October meetings

IMF official steps back from Argentina talks in feud with Milei

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

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

Argentina to move real rates to positive territory, IMF says

IMF downgrades Argentina's economic outlook for 2024

IMF approves US$800 million for Argentina as Milei eyes new deal

Milei looks to keep winning streak alive in crucial IMF meeting

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

IMF expects China to reschedule billions in Argentina’s debt

Caputo says Argentina will seek new IMF programme to exit 'cepo'

IMF urges increased assistance for Argentina’s poorest

IMF endorses Milei austerity, paves way for new funds

Milei wins IMF staff support to unlock US$800 million

IMF: Argentina meeting programme targets by ‘significant margins’

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

IMF faces pressure to cut billions in fees for large borrowers

IMF hails Argentina’s ‘impressive’ progress under Milei

IMF chief Georgieva sole candidate in re-election process

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

Argentina, IMF talking about new programme outline

IMF says Milei's austerity measures should not hurt the poor

IMF deputy chief says Argentina needs 'consistent' monetary, exchange policy

IMF number two in BA for talks as social unrest grows

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

Milei wins IMF approval for US$4.7-billion Argentina disbursement

IMF to postpone Argentina review to give Milei more time

IMF sharply cuts Argentina’s growth forecast on Milei’s plan

IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction

President to meet Georgieva in Davos after winning IMF support

Chainsaw Plan Round 2: Government looks to deepen austerity

Caputo brokers deal with the IMF he once battled

IMF staff show support for Milei’s 'ambitious stabilisation plan'

Government reaches deal with IMF staff to unlock US$4.7 billion

Milei makes contact with Biden administration in Washington

Javier Milei may find an unexpected friend in the IMF

IMF toughens stance, questions Massa's measures

Argentina makes US$2.6-billion IMF payment as reserves drop

IMF warns Argentina not to dawdle on incremental economic reform

Argentina’s economy to contract 2.5% this year, says IMF

IMF confirms Argentina asked to postpone October payments

IMF delivers rare public rebuke to Massa over cash handouts

IMF says Argentina’s spending adds risks to US$44-billion deal

Former IMF board member backs Milei’s dollarisation of Argentina

President Fernández uses final UNGA address to reiterate IMF, Malvinas demands

Milei names Alejandro Oxenford as Argentina's new ambassador to the United States

Extreme poverty soars to affect six million in Argentina, study shows

Milei talks with Trump, says US is ‘copying' Argentina's 'model’

Argentina refuses to back UN draft resolution on indigenous rights

Inflation in Argentina slowed to 2.7% in October – lowest level in almost three years

Aguas Cordobesas, Ecogas y Epec, entre las empresas imputadas por incluir tasas en sus facturas

La Justicia confirmará en las próximas horas la condena de seis años de prisión contra Cristina Kirchner

Llega la Noche de las Heladerías a 19 provincias: cuándo es y qué locales participan

El Gobierno disolvió el programa Procrear y habilitó las hipotecas divisibles

Qué día de la semana llegará a los 36 grados y cuándo vuelve la lluvia