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Tag: International Monetary Fund

RIO DE JANEIRO, BRAZIL - Sovereign bond defaults have grown at a dizzying pace in Latin America since the beginning of the pandemic. First it was Ecuador, then Argentina, Suriname, Belize, then Suriname again, and Suriname once more. In total,...
RIO DE JANEIRO, BRAZIL - According to the International Monetary Fund, the Andean country should grow 6.2% in 2021; Chile is an exporter of commodities and uses the same vaccine as Brazil, but has a fast immunization plan against...
RIO DE JANEIRO, BRAZIL - Brazil should register in 2021 the 14th highest unemployment rate globally, after being in 22nd place in 2020 in the world ranking of countries with the worst levels of unemployment. This is what the...
RIO DE JANEIRO, BRAZIL - The pandemic has pushed 22 million people below the poverty line over 2020 in the region's countries, according to data from the Economic Commission for Latin America and the Caribbean (ECLAC). Thus, 209 million people...
RIO DE JANEIRO, BRAZIL -  Argentina seems willing to postpone the restructuring of its debt with the International Monetary Fund until next year. The visit to Washington by Economy Minister Martín Guzmán achieved little more than some theoretical discussions...
RIO DE JANEIRO, BRAZIL - "We can't pay because we don't have the money to pay," Vice President Cristina Kirchner declared, according to the Bloomberg news agency. Argentina would have no way to honor the $45 billion debt with...
RIO DE JANEIRO, BRAZIL - After months of gestures that previewed the decision, President Alberto Fernández announced that Argentina will leave the Lima Group, a regional forum aligned with the United States and harshly critical of Venezuela, noting the...
RIO DE JANEIRO, BRAZIL - A group of major Argentine creditors has criticized the South American country for “erratic” economic policies that it says are hitting growth and weighing on bond prices five months after the government restructured some...
RIO DE JANEIRO, BRAZIL - With a new fiscal stimulus package about to be approved by the U.S., the risk of premature withdrawal of monetary stimulus in the United States is growing among financial market operators and analysts, which...

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