The Central Bank of Canada announced a partnership with the Massachusetts Institute of Technology (MIT) to begin a central bank digital currency (CBDC) research and development project. The financial organization also seeks to analyze the benefits of implementing the asset in the Canadian financial…
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IMF
Biden banned the import of Russian products
The president of the United States, Joe Biden, prohibited the import of a series of Russian products, such as cereals, vodka or caviar, and restricted trade relations with Moscow as part of a new package of sanctions in response to the…
IMF warns of possible bankruptcy of Russia
The International Monetary Fund (IMF) assured that the bankruptcy of Russia "is no longer an improbable event" as a result of the sanctions applied in recent weeks after the attacks against Ukraine.
"Russia's default is no longer an…
IMF and Costa Rica reach an agreement for support
The International Monetary Fund (IMF) reached a technical staff level agreement with Costa Rica on the necessary policies to complete the first and second reviews of the program of the Central American country supported by the multilateral…
The IMF forecasts that Peru’s economy will grow by 3 % in 2022
The International Monetary Fund (IMF) estimates that Peru's GDP will grow by 3 % in 2022, after having rebounded by 13.3 % in 2021 after the historical collapse of 11 % in 2020.
In the conclusion of Article IV on the Andean country, the…
IMF warns of uncertainty in the Spanish economy
The International Monetary Fund (IMF) warns about the uncertainty and the "highly uncertain" future of the Spanish economy due to the development of the Covid-19 pandemic, although it positively values the labor reform recently approved…
The Gross Domestic Product of Mexico grew by 5 % in 2021
The Gross Domestic Product (GDP) of Mexico experienced a growth of 5 % in 2021 compared to the previous year, according to preliminary estimates from the National Institute of Statistics and Geography (Inegi), falling below the forecasts of…
Argentina’s debt with the IMF expires on Friday
The Government of Argentina has this Friday a debt maturity with the International Monetary Fund (IMF) of 730 million dollars corresponding to the 45,000 million loan that the agency granted in 2018 to the previous Administration of…
FMI assures that cryptomones are destabling
The growing popularity of cryptomones such as Bitcoin or Ethereum, whose market value has come to quintuplicate in recent times, reaching 3 billion dollars point to a capacity to destabilize markets that it requires approaching with a…
The regulatory process of cryptocurrencies in Latin America
Cryptocurrencies registered significant global growth during 2021 and international organizations, as well as countries, carried out various actions to promote the regulatory process for the use of cryptocurrencies. Latin American countries…
IMF raises principles to regulate cryptocurrencies
The International Monetary Fund (IMF) considers it essential to create a regulatory framework for cryptocurrencies. That is why he published on his official blog some considerations that can serve as a reference to establish laws and…
El Salvador is heading towards economic recovery
Authorities of El Salvador announced that it will be the only country in Central America that by the end of 2021 will have recovered the levels of economic activity registered before the Covid-19 pandemic. This was reported by Douglas…