News of fund

Massa: IMF sees drought is ‘game-changer’ for Argentina

11-05-2023 16:48 International Monetary Fund spokesperson gives little away about talks over redrawing of multi-billion-debt deal in wake of historic drought, rebuffing questions from reporters over whether delivery of funds will be brought forward.

US would support IMF speeding up loan disbursements to Argentina

03-05-2023 16:14 Biden administration would support speeding up disbursements from Argentina’s US$44.5-billion programme with the International Monetary Fund, should a new schedule be agreed.

IMF says Argentina’s drought is worse than expected for growth

14-04-2023 11:13 “The more data we see, the more serious that shock seems to be on the country,” admits Nigel Chalk, IMF acting director for the Western Hemisphere.

Argentina secures US$500-million Saudi investment on food, energy

14-04-2023 08:46 State-run Saudi fund putting money into food and energy projects in Argentina, though details few and far between.

IMF calls for ‘stronger policy package’ from Argentina

02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.

IMF board approves US$5.3-billion loan disbursement for Argentina

31-03-2023 19:48 International Monetary Fund’s executive board on Friday approved a US$5.3-billion disbursement to Argentina, a key step forward in the government’s programme that’s faced setbacks amid a worsening economic outlook.

IMF sees ‘policy setbacks’ in review of US$44-billion deal

13-03-2023 20:01 International Monetary Fund calls on Argentina to make stronger efforts to address foreign reserve losses, galloping inflation and other “policy setbacks” amid a severe drought that’s hitting the commodities sector. 

Argentina to change IMF net reserve target for third time

26-02-2023 08:46 Argentina and the IMF are discussing a smaller figure for net reserve accumulation in 2023, a cornerstone of the deal seen as the only major anchor providing some stability to the economy.

IMF clears way for latest US$6-billion disbursement

03-12-2022 23:17 "Prudent macroeconomic management and efforts to mobilise external financing are supporting stability," declares IMF mission team as latest staff review is signed off.

Argentina’s US$44-billion IMF deal gets latest staff approval seal

03-12-2022 08:07 Third review of nation's US$44-billion debt programme now goes to the IMF’s executive board for approval, which is expected to meet this month; Upon completion, Argentina will have access to about US$6 billion, the IMF said.

‘Doing well’ – IMF chief backs Argentina's course in meeting with president

19-09-2022 17:05 IMF Managing Director Kristalina Georgieva briefs media on “excellent” meeting with President Alberto Fernández; Reiterates praise for Economy Minister Sergio Massa, declaring: “Three ministers, one programme.”

by Rosario Ayerdi

'Inflation tops the list' of Argentina's problem, says IMF director

14-09-2022 09:24 Inflation is the main problem afflicting Argentina's economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Tuesday.

Key Argentina creditor hints at withholding new funding

26-07-2022 13:42 Argentina faces further potential isolation after one of its last-standing creditors suggested it won’t give new funding until the government organises itself better.

Argentina needs to stick to IMF agreement, says minister

11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.

Guzmán surprises markets with last-minute debt bond swap

23-06-2022 00:00 Economy Ministry eases 60% of June debt burden in local swap, drastically reducing pressure on the government; Government makes US$2.7-billion payment to IMF.

Nicolás Dujovne: ‘This government’s economic programme is inflationary’

17-06-2022 08:00 Former economy minister Nicolás Dujovne on the Cambiemos administration, the IMF debt deals and Argentina’s ongoing struggle with inflation.

by Jorge Fontevecchia

Manzur tells senators: Inflation is Argentina’s ‘main problem’

02-06-2022 20:52 Eight-and-a-half months after taking office, Cabinet chief delivers first management report before Senate, warning that attempts to tackle price hikes will take some time.

IMF: Targets in Argentina’s debt deal ‘have not changed’

19-05-2022 16:09 Fund Spokesperson Gerry Rice says staff are making “good progress” in review of debt restructuring deal, but that its “objectives have not changed.”

IMF warns of significant risks facing Latin American growth

26-04-2022 10:05 Latin America and the Caribbean facing significant risks to growth, warns International Monetary Fund; Region's economy to grow 2.5% this year, with Argentina's GDP expected to improve 4%.

Guzmán tells IMF: ‘We will prioritise social spending’

22-04-2022 23:34 Economy minister meets with International Monetary Fund Kristalina Georgieva, tells her Argentina’s government has complied with targets laid out in US$44.5-billion debt restructuring deal.