In anticipation of the legislative elections, Milei is trying to curb the collapse of the Central Bank’s reserves. On Monday, Argentina’s risk premium jumped by 8.2%, reaching 863 basis points, in less than 24 hours. The U.S. dollar in the uncontrolled market rose to 1,325 pesos, experiencing a 2% increase. RELATED: Argentina Acquires a Huge […]

In essence, Argentina is seeking to borrow US$50 billion to pay off a previous US$46 billion debt to the IMF. On Thursday, Argentine Economy Minister Luis Caputo acknowledged that President Javier Milei is negotiating loans worth US$20 billion with the International Monetary Fund (IMF). RELATED: Argentines Will Only Be Able to Collect 80% of a […]

The far-right President seeks to finalize an extended facilities agreement. On Monday, legislators from “Union for the Homeland” filed a criminal complaint against Argentine President Javier Milei “for abuse of authority and violation of the duties of a public official.” RELATED: Argentina: Bahía Blanca Declares State of Emergency After Devastating Floods This legal action is […]

Growth prospects for five years from now remain lackluster, at 3.1 percent, the lowest in decades. On Thursday, Kristalina Georgieva, the director of the International Monetary Fund (IMF), warned that the global economy is in danger of getting stuck on a low-growth high-debt path, urging policymakers to act on debt and carry out pro-growth reforms. […]

The solution to the debt crisis is not to impose austerity policies, UN Special Rapporteur De Schutter stated. On Thursday, Olivier De Schutter, the United Nations Special Rapporteur on Extreme Poverty and Human Rights, pointed out that the international financial system is not capable of managing the catastrophic debt crisis facing developing countries. RELATED: Argentine […]

This funding aims to preserve macroeconomic stability and support Zambia’s response to external shocks. Additionally, it includes the fourth tranche under the extended credit facility arrangement, amounting to about 184 million dollars.

On Wednesday, Venezuelan Vice President Delcy Rodriguez confirmed that her country’s Gross Domestic Product (GDP) growth during the first four months of 2024 exceeded the forecasts of the International Monetary Fund (IMF). RELATED: USAID Carries Out Covert Operations Against Venezuela: Gil During the 7th edition of the Retail Radiography 2024 event, she stated that the […]

With the U.S. government showing no sign of containing its spending in an election year, economists and observers have warned that high U.S. deficit poses risks to the U.S. and global economy. RELATED:  Pro-Palestinian Protests Spread in US Universities First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that while high […]

On Thursday, Ecuadorian Indigenous peoples, farmers, environmental and feminist activists rejected the proposals made by President Daniel Noboa to reduce the fiscal deficit and secure resources for the “Internal Armed Conflict” against groups linked to drug trafficking. RELATED:  Constitutional Court Authorizes US-Ecuador Military Agreements Noboa seeks to increase the value-added tax (VAT) from 12 to […]

On Tuesday, Foreign Affairs Ministry spokesperson Mao Ning said China firmly opposes the United States passing the 2023 Taiwan Non-Discrimination Act. RELATED: China Refuses the EE.UU. Position on Taiwanese Elections Through the approval of this act, the U.S. House of Representatives required the Secretary of the Treasury Janet Yellen to use her influence in the International Monetary […]