News of imf

As run-off nears, Massa draws a yuan bridge to avoid IMF pressures

14-11-2023 11:28 When an agreement was reached in August, the IMF’s board of directors wanted to distance itself from Argentina’s electoral process, preparing for the next stage of negotiations with the future government. An informal meeting, held after the October 22 elections, has placed in doubt the remittance of US$3.3 billion which the country needs to meet debt deadlines. The Economy Ministry has assembled a safety buffer with the Chinese currency swap, hoping to reach the next harvest in acceptable shape.

by Ariel Maciel

Massa says IMF will investigate ‘capital flight’ from US$45-billion loan

07-11-2023 15:18 Economy minister and ruling coalition presidential candidate anticipates that multilateral lender will send a commission to Argentina to study and investigate “capital flight” from multi-billion-dollar credit line contracted by Mauricio Macri in 2018.

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.

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 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.

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.

Blasts from the past?

26-08-2023 03:03 An often paranoid country’s attention being seized by the threat of mass lootings is understandable enough as evoking the 2001-2002 meltdown but it distracts attention from more potentially substantial developments.

IMF says Argentina must 'contain' public spending on wages, pensions

25-08-2023 11:36 IMF statement stresses need for Argentina to "contain spending on wages and pensions."

IMF board approves US$7.5-billion disbursement for Argentina

23-08-2023 14:46 Spokesperson for Economy Minister Sergio Massa says IMF's executive board has approved release of US$7.5 billion in funds to Argentina.

Argentina expects IMF to approve US$7.5-billion disbursement

22-08-2023 16:36 Economy Minister Sergio Massa expects the International Monetary Fund to approve a fresh US$7.5-billion disbursement to Argentina on Wednesday.

Massa packs bags for Washington and IMF meeting

16-08-2023 13:59 Just days after being defeated by Javier Milei at the ballot box, Sergio Massa schedules visit to Washington for talks with International Monetary Fund designed to shore up Argentina's economy.

Argentine peso to slide 70% by next year, predicts Bank of America

16-08-2023 11:54 The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according to Bank of America strategists.

Out of options and money, Argentina presses the panic button

14-08-2023 22:09 After years of trying to avoid a currency devaluation that would add to soaring inflation and reduce its popularity with voters, Argentina's government has finally pushed the panic button.

Bullrich would remove FX controls with IMF's help, says Laspina

07-08-2023 08:34 Opposition presidential hopeful would seek greater support from the IMF to untangle currency controls as soon as possible if elected this year, according to top economic adviser Luciano Laspina.

IMF to loan Argentina as much as US$10.8 billion this year

31-07-2023 16:08 The International Monetary Fund has agreed to provide Argentina with up to US$10.8 billion in loans as part of a refinancing agreement, allowing the country to navigate its economic challenges ahead of the presidential elections, but meeting the fiscal and reserve accumulation goals will pose significant challenges according to analysts.

An accident waiting to happen… and still waiting

28-07-2023 21:51 Not that any open rather than creeping devaluation was to be expected in the final fortnight before the PASO primaries, given its explosive impact on prices in the immediate rather than longer term as well as on the quasi-fiscal deficit with the huge volume of dollar-linked bonds.

Argentina announces measures to boost foreign reserves

25-07-2023 13:34 Peso devaluation amid IMF negotiations triggers USD rush.

Argentina’s talk of ‘big’ IMF loans signals concern over markets

25-07-2023 13:10 Argentina's urgent push for financing from the IMF before the election reflects the nation's concern about the potential market turbulence caused by delays in the refinancing negotiations.

Argentina expects to reach IMF staff-level agreement Friday

17-07-2023 17:18 Officials expect to close a staff-level agreement with the International Monetary Fund by Friday after months of negotiations over the US$44-billion programme.

IMF ‘negotiating intensively’ with Argentina, says spokesperson

13-07-2023 15:02 Argentina and the International Monetary Fund are "working intensively" to reach an agreement over the fifth review of the country’s record credit programme; Economy Ministry officials head to Washington.