According to the World Economic Outlook released Tuesday by the International Monetary Fund (IMF), Argentina's inflation in 2024 is expected to reach 149.4%. The study also forecasted that the country's economy would fall by 2.8% this year only to bounce back in 2025 by 5%. The Consumer Price Index (CPI) would be dropping to 45%.
Europe's strongest economy is expected to grow by 0.2%, 0.3 percentage points less than it estimated in its January outlook, according to the latest report from the International Monetary Fund, IMF, on Germany. This is also the weakest among the G7 group of industrialized nations.
The Board of Directors of the International Monetary Fund (IMF) Friday confirmed that Bulgarian Economist Kristalina Georgieva would remain as the agency's managing director for another five-year term starting on Oct. 1, 2024. The announcement came as no surprise since Georgieva was the only candidate under consideration.
Brazilian President Luiz Inácio Lula da Silva Monday suggested International Monetary Fund (IMF) Managing Director Kristalina Georgieva should move on with the reform of the credit agency, among other issues they discussed during their “good conversation” in Brasilia where they also reviewed “social inclusion” and the “Poverty in the world” project.
Argentina's Luis 'Toto' Caputo and International Monetary Fund (IMF) Managing Director Kristalina Georgieva met Wednesday in Sao Paulo on the sides of the two-day G20 summit of Economy Ministers. The gathering took place less than a week after the visit to Buenos Aires of the IMF Managing Director Gita Gopinath, with whom Caputo and President Javier Milei discussed a new agreement on the South American country's debt.
President Javier Milei and International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Thursday discussed Argentina's course of action under the Libertarian's leadership during a meeting at Casa Rosada, it was reported from Buenos Aires. Gopinath said she had an excellent and substantive meeting with President Milei on the best way to move the country forward. Also Thursday, she got together with Cabinet Chief Nicolás Posse and Interior Minister Guillermo Francos.
The new government of Argentine president Javier Milei and its austerity policies to try and put the country's economy back on track received a strong boost from the International Monetary Fund, IMF, which approved the disbursement of US$ 4,7 billion.
After the International Monetary Fund (IMF) Board approved the staff-level agreement with Argentina's current administration, the Government of President Javier Milei received a US$ 4.7 billion disbursement which bolstered the Central Bank (BCRA) reserves to US$ 27.635 billion, it was reported Wednesday in Buenos Aires. The latest deal between Argentina and the IMF unblocked a new series of disbursements.
Following President Javier Milei's latest measures, the International Monetary Fund (IMF) Tuesday reviewed for the worse its projections for Argentina's economy this year (-2.8%) and forecasted inflation would remain high in the short term.
Argentine President Javier Milei is departing Monday to Davos, Switzerland, on regular airline flights with stopovers in Frankfurt and Zurich to participate in the World Economic Forum (WEF). According to Casa Rosada sources quoted by local media in Buenos Aires, he is also to have a one-on-one meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva.