The board of the International Monetary Fund approved on Friday a new program with Argentina for about $44 billion, the IMF said, but acknowledged that it comes with 'exceptionally high' risks.
The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo/File PhotoLONDON/NEW YORK, March 25 - The board of the International Monetary Fund approved on Friday a new program with Argentina for about $44 billion, the IMF said, but acknowledged that it comes with "exceptionally high" risks.
An IMF official said at a news press conference that the recalibration of targets is being considered from the beginning of the program due to the ongoing shock of the war in Ukraine. Among the deal's goals are strengthening public finances, starting toreduce inflation, and building up the local currency debt market.
Some private holders of Argentina's debt, restructured in September 2020, criticized early-on the negotiations as tainted by politics, allowing the government to carry on "erratic" economic policies.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | No More IMF Subsidies for DictatorsFrom WSJopinion: Through the IMF, the U.S. gave Russia $17 billion while troops gathered on Ukraine’s border, writes SenJohnKennedy. Let’s shut off the spigot to communists and terrorists and make sure it stays shut
Read more »
Report: Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank – Regulation Bitcoin NewsGovernor Al Jawhari’s remarks concerning cryptocurrencies come on the heels of increased calls for authorities to regulate the crypto industry. cryptocurrency cbdc regulation
Read more »
Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies – Emerging Markets Bitcoin NewsPatrick Njoroge told Kenyans that they must always be wary of investing in highly volatile asset classes such as cryptocurrencies. cryptocurrencytrading highrisk
Read more »
Idaho Governor Says Rapist-Friendly Abortion Ban Is a Horrible Idea, Signs It AnywayIdaho’s governor warned that a bill letting rapists’ families sue over abortions “risks retraumatizing victims.” Then he signed it into law.
Read more »
Georgia parent reading sexual content from library at school board meeting is cut off: 'Inappropriate'Georgia school board member cuts off concerned parent reading explicit passage from book available to students, calls it 'inappropriate.'
Read more »
Hennessey Venom F5 signs off testing with 271.6-mph run, next stop 300 mphWith development complete, Hennessey's next goal with the Venom F5 is to blow past 300 mph and set a new land speed record.
Read more »