The IMF will review the program it maintains with Ecuador

The IMF will review the program it maintains with Ecuador

A mission of International Monetary Fund (IMF) plans to start this Friday fourth review of the Extended Service program (SAF), which it maintains with Ecuador since September 2020, the Ecuadorian Ministry of Economy and Finance reported this Wednesday in a statement. The 27-month program that the Andean country maintains with the IMF contemplates a total … Read more

Central America used the IMF to face the impact of the pandemic

Central America used the IMF to face the impact of the pandemic

The Most Central American countries had to borrow from the International Monetary Fund (IMF)which celebrates 75 years of operations this March 1, to cushion the impact of the covid-19 pandemic on their economies. The health emergency caused all Central American economies to fall in general in 2020, with Panama as the most affected with -17.9%, … Read more

IMF warns Latin America of “significant risk” of social unrest

IMF warns Latin America of “significant risk” of social unrest

The Latin American and Caribbean countries face a “significant risk” of social unrest by the impact of the pandemic on their already stagnant economies, and must ensure growth that takes into account inequities, they warned on Monday IMF experts. “With an intense electoral calendar looming, social unrest remains a major risk and inequality will need … Read more

“We had a rope around our necks”: 7 keys to the agreement between Argentina and the IMF to refinance the enormous debt of the South American country

“We had a rope around our necks”: 7 keys to the agreement between Argentina and the IMF to refinance the enormous debt of the South American country

“We had a noose around our necks and now, a way to go,” said the president of Argentina, Alberto Fernández, this Friday when announcing an agreement with the International Monetary Fund (IMF) to refinance the debt for US$44.5 billion contracted in 2018. Since 2020, Argentina had been in a tough negotiation with the IMF to … Read more

IMF warns of “great risks” of bitcoin to El Salvador and Bukele responds with a funny meme

IMF warns of “great risks” of bitcoin to El Salvador and Bukele responds with a funny meme

The controversial president of El Salvador, Nayib Bukele, considers it a great idea to have Bitcoin as the currency of his country. Photo: MARVIN RECINOS/AFP/Getty Images The International Monetary Fund (IMF) warned the government of El Salvador last week about the “great risks” it may face for using Bitcoin as legal tender, but apparently its … Read more

IMF does not see with good eyes the global economic recovery, it expects a growth of 4.4%

IMF does not see with good eyes the global economic recovery, it expects a growth of 4.4%

The Omicron variant is complicating the pandemic, according to economic recovery projections. Photo: Ketut Subiyanto / Pexels The International Monetary Fund (IMF) announced that the world economy is in a more complicated position than expected, mainly due to the impact caused by the Covid pandemic. In addition, the agency said that other phenomena such as … Read more

Why the IMF urges El Salvador to withdraw bitcoin as legal tender

Why the IMF urges El Salvador to withdraw bitcoin as legal tender

In El Salvador you can buy goods and services with bitcoin. Photo: REUTERS / copyright The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to convert bitcoin into legal tender. After the conclusion of the Article IV consultation with El Salvador, in which the management of the pandemic and the implementation … Read more

IMF cuts growth forecast for the world economy from 4.9% to 4.4%

IMF cuts growth forecast for the world economy from 4.9% to 4.4%

The International Monetary Fund (IMF) presented the latest edition of the World Economic Outlook, in which it forecasts a global growth of 4.4%, 0.5 percentage points lower than in the previous forecast, which was 4.9%, mainly due to downgrades in the performance of the United States and China. The global recovery continues but faces multiple … Read more

IMF urges El Salvador to drop Bitcoin as legal tender

IMF urges El Salvador to drop Bitcoin as legal tender

the International Monetary Fund wants The Savior to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the government has pushed adoption of across the country. The global lender’s board “urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status,” the IMF … Read more

The IMF urges El Salvador to eliminate bitcoin as legal currency

The IMF urges El Salvador to eliminate bitcoin as legal currency

The International Monetary Fund (IMF) called on the government of The Saviorto remove the bitcoin as legal tender in the Central American country. According to local media reports. The request comes from the Executive Board of the IMF, who on Monday concluded the Article IV Consultation with El Salvador, through which the situation of the … Read more

IMF applies the largest cut in growth projections for Mexico

IMF applies the largest cut in growth projections for Mexico

The growth expectation for Mexicoo is 1.2 points of GDP and it is estimated that the Mexican economy will achieve an advance of 2.8% in 2022, according to the International Monetary Fund (IMF) who applied the further cut projections for the country. In the update of world GDP expectations, they revealed that this cut will … Read more

The Covid pandemic will cost $12.5 trillion, the IMF warns

The Covid pandemic will cost .5 trillion, the IMF warns

The IMF called for reducing the huge gaps between rich and poor countries in vaccination rates against Covid-19. Photo: Edward Jenner/Pexels The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, plans to raise her estimation of the cost of the Covid-19 pandemic for the world economy at $12.5 trillion until 2024, reported Reuters. … Read more

IMF renews the flexible credit line for Mexico for 50 billion dollars

IMF renews the flexible credit line for Mexico for 50 billion dollars

The International Monetary Fund (IMF) renewed the Flexible Credit Line (FCL) for Mexico for two more years, for an amount of 50 billion dollars. The Ministry of Finance and Public Credit (SHCP) highlighted that this action constitutes recognition of the solidity of the institutional framework of macroeconomic policies in the country. He explained that the … Read more

Argentina begins negotiations with the IMF in Washington on Monday

Argentina begins negotiations with the IMF in Washington on Monday

Representatives of Argentina and the International Monetary Fund will begin meetings this Monday in the city of Washington. IMF referential image. Photo: MANDEL NGAN / AFP / Getty Images This Monday and for the next six days, Argentina will try to close the technical aspects of the Extended Facilities agreement with the International Monetary Fund … Read more

IMF reveals the 3 obstacles to achieving global economic recovery

IMF reveals the 3 obstacles to achieving global economic recovery

Kristalina Georgieva, Managing Director of the International Monetary Fund, compared the obstacles preventing global economic recovery to “stones in the shoe.” For the leader of the organism these “stones” are 3 and each time they are “more painful”: divergent growth, uncertainty about inflationary pressures and the management of public debt. According to the Global Economic … Read more