The new waves of contagion in Latin America and the Caribbean threaten to frustrate the chances of recovery in several economies in the region, which in an uneven reactivation would not return to levels prior to the crisis until at least 2023.
This was stated by the International Monetary Fund…
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International Monetary Fund
Argentina and the IMF want an agreement before May
The spokesman for the International Monetary Fund (IMF), Gerry Rice, said that the Washington-based institution will do everything possible to reach a debt agreement with Argentina before May, as suggested by Argentine Economy Minister,…
Argentina asked Merkel for help to negotiate debt with the IMF
The president of Argentina, Alberto Fernández, asked German Chancellor Angela Merkel for help in negotiating the payment of the debt with the International Monetary Fund (IMF).
Fernández thanked the support that Germany has provided to…
IMF will provide economic support to Panama
The International Monetary Fund (IMF) has approved a precautionary and liquidity line of $ 2.7 billion in favor of Panama to face the Covid-19 pandemic and act as insurance in case of extreme external impacts, as reported by the agency…
Ecuador and IMF agree to review the EFF for 27 months
The technical staff of the International Monetary Fund (IMF) and the Ecuadorian authorities reached an agreement on the first review of the Extended Fund Facility, EFF, (SAF in Spanish) of 27 months, by which the Andean country would have…
IMF concludes its debt negotiation with Argentina
The mission of the International Monetary Fund (IMF) to negotiate a new Facility program with Argentina, which includes 10-year maturities of some 45,000 million dollars of debt from the South American country to the Fund, will conclude…
Fernandez says economic adjustments will not affect humble populations
Argentine President Alberto Fernández defended the agreement reached with international creditors and assured that "this time the adjustment will not be paid by the humblest."
"The adjustment this time will not be paid by the most humble.…
IMF asks Latin America to extend economic support
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has recommended that the governments of Latin America and the Caribbean maintain economic and fiscal support until the economic recovery is on track.…
IMF assures that the economy “is not yet safe”
The director of the International Monetary Fund (IMF), Kristalina Georgieva, assured that although the world economy is showing recovery rates, a second major outbreak could bring more blows to this sector.
Georgieva indicated that the…
Argentina promises debt restructuring with bonds
Just 48 hours after the health crisis was decreed, Prime Minister Elyes Fakhfakh announced a package of measures worth 800 million euros to alleviate this situation, all backed by the International Monetary Fund.
This international…
IMF assures the current crisis will be worse than 2008
The International Monetary Fund (IMF) has issued new forecasts regarding the world economy, considering that it is already in a recession "more dramatic" than that of 2008, according to what the director of the institution Kristalina…
IMF declares world economy in recession
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva stated that the world entered into an economic recession due to the coronavirus.
"It is clear that we have entered a recession" that will be worse than in…