News of international monetary fund

Argentina makes US$2.6-billion IMF payment as reserves drop

01-11-2023 12:16 Government complies with US$2.6-billion maturity, taking reserves to razor-thin levels.

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.

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.

Former IMF board member backs Milei’s dollarisation of Argentina

21-09-2023 23:14 Mark Rosen, a former US official on the IMF's board from 2019 to 2021, offers rare show of establishment support for Javier Milei's dollarisation proposal.

PASO winner Milei reveals IMF contact, plans meeting

15-08-2023 16:01 International Monetary Fund officials contact libertarian’s team for talks; Last Sunday’s PASO primary winner assures that his people are open to clinching “a more aggressive fiscal programme” with the multilateral lender.

Milei to start talks with IMF on US$44-billion programme

15-08-2023 14:00 Javier Milei reveals his sister and campaign manager Karina received a call from IMF officials to set up a meeting following an upset victory on Aug. 13, without giving details on the still-to-be scheduled encounter.

Argentina’s IMF deal is just one hurdle to Massa’s presidential bid

01-08-2023 16:17 Sergio Massa's IMF deal may offer hope for his presidential ambitions, but the divided opposition and economic challenges pose significant hurdles in the upcoming primaries and elections in Argentina.

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.

IMF seeks to stop Argentina’s 116% inflation from getting much worse

26-07-2023 14:46 The International Monetary Fund works with Argentina to tackle soaring inflation and revive economic stability

Argentina announces measures to boost foreign reserves

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

Fernández rejects devaluation rumours, asks Massa to stay until year-end

19-07-2023 13:22 Argentina's President Alberto Fernandez cautioned against a sharp currency devaluation due to the country's dollar shortage, while concerns of hyperinflation ahead of the upcoming elections.

Fernández de Kirchner urges Argentina to ditch IMF debt repayment deal

26-05-2023 08:56 Cristina Fernández de Kirchner urges Argentina to ditch its debt repayment agreement with the IMF ahead of presidential elections later this year.

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.

Massa bets on IMF and sit-down with businesses, unions

02-05-2023 12:37 Argentina’s economy minister is laying down plans to support the peso throughout May. He will ask the IMF to move forward disbursements and seek a coordinated approach with business leaders and trade union leaders to slow inflation as much as possible.

by Gonzalo Martínez

Lula says IMF is choking Argentina’s economy with debt

13-04-2023 12:52 Brazil’s president claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme. 

Economy will grow by just 0.2% this year, says IMF

11-04-2023 10:59 IMF lowers 2023 global growth forecast to 2.8% and warns of looming half-decade of low growth; Fund predicts that economy will hardly grow this year and warns high inflation will continue.

Massa looks for oxygen until June and next IMF audit

29-03-2023 12:27 Amid controversy generated by Argentina’s latest bond swap and its cost, accelerating inflation and an electoral campaign coming to the boil, Sergio Massa’s economic team seeks breathing room ahead of the International Monetary Fund’s next quarterly review.

Argentina raises key rate to 78% for first time since September

16-03-2023 17:43 Argentina raised its benchmark rate on Thursday for the first time since September after annual inflation surpassed 100%.

Argentina seeks fresh IMF approval – and US$5 billion in funds

21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.

Massa: IMF failing to consider impact of Ukraine war on debt deal

16-01-2023 14:35 Economy minister accuses IMF of reneging on a commitment to fully review and consider the impact of the war in Ukraine on Argentina’s debt deal.