In recent statements, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, warned that high energy prices could persist for some time, even after the end of the conflict in the Middle East.

The global energy market has experienced ups and downs since the conflict with Iran erupted. The agreements with the United States, which have been broken and only fragilely reinstated, do not appear capable of preventing projections of high crude oil prices in 2027.

The impact of rising energy prices is considerable in Spain, France, and Germany, where subsidies and aid have been implemented to cope with these costs stemming from problems with fuel production, transportation, and supply.

Georgieva believes that despite the slight recovery in oil flows from the Gulf, high crude oil prices, hovering around US$100, will persist.

The scenario is marked by high cracking costs per barrel (above US$100) as a consequence of a global refining capacity deficit. Added to this are the problems with natural gas supplies from the Gulf due to limited transportation options through the Strait of Hormuz.

This scenario is likely to worsen soon due to pressure on countries to replenish their reserves and the increased demand resulting from the arrival of winter in the Northern Hemisphere.

M.Pino

Based on information from specialized economic media outlets

(Reference image source: Raff Liu on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada High energy prices could persist even after the end of the Middle East conflict apareció primero en Bitfinance.

The International Monetary Fund (IMF) is expected to establish a permanent office in Caracas, Venezuela, during the first half of 2027, according to its Managing Director Kristalina Georgieva-

The official stated this Tuesday that they are quickly catching up to deepen relations with the country.

Georgieva’s statements come during the visit to the United States by interim president Delcy Rodríguez, with whom she held a strategic meeting on Monday, September 21, to participate in the UN meeting.

The IMF director stated: “We are now ensuring we quickly catch up on key monetary and fiscal data and policies.”

M.Pino

Source: bitacoraeconomica

(Reference image source: Social Netwoek X, @KGeorgieva)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF advances preparations to open office in Caracas in the first half of 2027 apareció primero en Bitfinance.

El Salvador reached an agreement with the International Monetary Fund (IMF) last week to halt its Bitcoin purchases in exchange for a $1.4 billion loan from the organization.

President Nayib Bukele made the decision for the good of the country. He also “has transferred majority ownership and control of the state-owned Chivo Wallet to a private operator,” according to a statement issued by the Fund on Thursday, August 3.

According to this agreement, no further accumulation of this cryptocurrency is planned beyond documented donations.

So far, it is unclear “where the funds come from or who is overseeing them. According to the law, the Central Reserve Bank (BCR) is the entity responsible for managing the country’s international reserves; however, the Bitcoin funds do not appear in its accounts in any fiscal year.”

M.Pino

Source: elpais

(Reference image source: Jievani Weerasinghe on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada El Salvador agrees with IMF to freeze Bitcoin purchases in exchange for $1.4 billion loan apareció primero en Bitfinance.

Bolivia reached an agreement with the International Monetary Fund for a $1.9 billion loan that will be used for a 36-month technical plan to support President Rodrigo Paz’s economic reform program.

According to IMF spokesperson Joana Pereira, “the IMF-supported program is expected to help catalyze additional financing from the World Bank, the Inter-American Development Bank, and other development partners, contributing to a broader financing package of at least $5 billion over the program period.”

The comprehensive reform plan includes restoring fiscal sustainability, focusing on streamlining public spending through greater targeting and efficiency to “strengthen social safety nets and ensure that fiscal consolidation does not disproportionately affect the poor.”

The Bolivian president’s measures aim for an adjustment of monetary policy and a more flexible exchange rate regime, “essential to support price stability, eliminate foreign exchange market distortions, and rebuild international reserves.”

Another key domestic aspect is maintaining zero monetary financing for the fiscal deficit, as well as the governance and operational autonomy of the Central Bank of Bolivia (BCB).

M.Pino

Source: elsiglo

(Reference image source: Aaron Lefler on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Bolivia to support internal reforms with $1.9 billion IMF loan apareció primero en Bitfinance.

Ecuador will receive a disbursement from the International Monetary Fund, for $394 million, as part of the program in effect since 2024, which totals $5 billion.

The new aid package was approved by the multilateral organization after the corresponding review, which revealed internal progress such as the rationalization of tax expenditures through tax exemptions or waivers; in addition, the efficiency of public spending has improved.

The assessments were conducted between February and March, according to a statement by IMF Deputy Managing Director Nigel Clarke, who confirmed that the approved disbursement, the first of 2026, is part of “a 48-month program under the IMF’s Extended Fund Facility (EFF), signed during the current administration of Ecuadorian President Daniel Noboa, and in effect until 2028.”

Ecuador will have to undergo four future reviews before the end of the program to access an additional $1.276 billion.

M.Pino

Source: spanish.xinhuanet

(Reference image source: Logan Voss on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF approves $394 million disbursement for Ecuador apareció primero en Bitfinance.

The re-establishment of relations between the International Monetary Fund and Venezuela will be evaluated through a survey of the other member countries, adhering to internal regulations.

According to Bloomberg Línea, the consultation was sent last week to the organization’s executive directors, “who in turn forwarded it to the governments they represent.”

Sources cited by the media outlet indicated that the objective is to gather data that will allow for an evaluation of the current state of relations between member countries and Venezuela.

The organization’s internal rules make it clear that it is impossible for Venezuela “to maintain formal contacts or access financing until its government is recognized by a majority of member countries.”

Following the United States’ recognition of Venezuela’s interim president, Delcy Rodríguez, the IMF has indicated that it “was working to initiate technical-level interactions” with Venezuelan authorities and institutions in order to obtain basic economic data that would allow for an assessment of the economy.

M.Pino

Source: elnacional

(Reference image source: Social Network X, @DossierVzla)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF consults members on re-establishing relations with Venezuela apareció primero en Bitfinance.

Ecuador will be evaluated this month, for the fifth time, by the International Monetary Fund (IMF) technical team to determine the allocation of a new disbursement of $400 million, according to the Extended Fund Facility schedule.

If the progress is validated by the international organization, the South American country could access a new tranche of financing in 2026.

The IMF evaluation is part of the Extended Fund Facility (EFF), “a 48-month program approved in May 2024 and expanded in July 2025.” Furthermore, the agreement includes financing equivalent to SDR 3.75 billion – approximately US$5 billion – and aims to strengthen fiscal and debt sustainability, protect vulnerable groups, rebuild liquidity buffers, safeguard macroeconomic and financial stability, and advance structural reforms geared towards sustainable and inclusive growth.

During the fourth review, the IMF highlighted that the Latin American nation’s economy “showed signs of recovery, with projected real GDP growth of 3.4 % in 2025, low average inflation, and current account surpluses, which contributed to strengthening international reserves.”

However, it made clear that the economy still faces a scenario characterized by volatility in oil prices and international financial markets.

M.Pino

Source: infobae

(Reference image source: Mauricio Muñoz on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Ecuador under IMF evaluation for possible loan apareció primero en Bitfinance.

International Monetary Fund spokesperson Julie Kozack explained on Thursday, February 19, that the organization is evaluating resuming contact with Venezuela, but clarified that any progress in this regard will depend on a direct request from Caracas, the seat of government.

The IMF has begun gathering information and facts in the South American country “to determine how to proceed, whether through technical assistance or other cooperation mechanisms.”

Regarding the possibility of resuming relations with Venezuelan authorities, Kozack made it clear that this is not something that will happen immediately, as it will depend on validation by a majority vote of the organization’s member countries.

It is important to highlight that this rapprochement occurs “in a new political context,” where the acting president, Delcy Rodríguez, maintains direct contact with the Donald Trump administration.

M.Pino

Source: 2001online

(Reference image source: Mina Rad on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF considers resuming relations with Venezuela apareció primero en Bitfinance.

The International Monetary Fund estimates that Argentina will be the fourth fastest-growing economy within the G20 in 2026, ranking behind India, Indonesia, and China.

According to the international organization’s projections regarding the global economy, its growth would reach 3.1 % in 2026.

The IMF forecasts GDP expansion in 2026 and notes that “India would once again become the fastest-growing economy, consolidating its position as one of the main drivers of global activity.” The Asian nation tops the ranking with a projected annual real GDP growth rate of 6.2 %.

Below India are Indonesia (4.9 %) and China (4.2 %), which are expected to remain among the main contributors to global growth.

Argentina, in Latin America, ranks fourth, with a projected economic growth rate of 4 %, in line with Saudi Arabia.

The IMF emphasizes that emerging economies associated with the G20, such as Argentina, Saudi Arabia, and Turkey (3.7 %), are projected to grow faster than the global average.

M.Pino

Source: infobae

(Reference image source: Benjamin R. on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF forecasts economic growth for Argentina within the G20 apareció primero en Bitfinance.

Amid the current political situation in Venezuela, the International Monetary Fund held an off-the-cuff meeting with the country to assess the internal economic situation and the feasibility of resuming bilateral relations.

Some of the topics discussed during this meeting include the lack of official statistics, which hinders the IMF’s assessment, and the possibility of the country accessing $5 billion in Special Drawing Rights (SDRs), the use of which is currently suspended due to the international recognition status of the Venezuelan authorities.

Along with the IMF, other international organizations, such as the World Bank and the Inter-American Development Bank (IDB), also held internal meetings with Venezuela, demonstrating the multilateral organizations’ interest in truly understanding the state of the Venezuelan economy and the technical challenges that any potential assistance from them would entail.

These meetings do not imply a pre-established plan of aid or assistance to Venezuela, but rather an evaluation of the technical and political conditions for moving toward such a scenario.

M.Pino

Source: elnacional

(Reference image source: Luke Southern on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF begins meetings with Venezuela to assess internal economic situation apareció primero en Bitfinance.