Fitch downgraded 29 countries in the first 4 months of 2020 Last updated: Tuesday 19 Ramadan 1441 AH – May 12, 2020 KSA 17:29 – GMT 14:29 Posted on: Tuesday 19 Ramadan 1441 AH – May 12, 2020 KSA 17:12 – GMT 14:12 Source: London – Reuters – Credit rating agency Fitch said on Tuesday … Read more
The coronavirus will cause a “dizzying” economic crisis that will widen the differences between the North and the South of the Union, warns Bruno Le Maire, the Minister of Economy and Finance. If the 27 fail to pool the debt to finance reconstruction spending, the Union and the euro area will be doomed to disappear. … Read more
Tegucigalpa, Honduras The President of Honduras, Juan Orlando Hernández, said this Friday that he has requested 340 million dollars from the International Monetary Fund (IMF) to combat the coronavirus SARS-CoV-2 and that the United States intercede with multilateral banks so that the region delays the payment of its debts. In a virtual appearance before the … Read more
the European Parliament has rejected a text on economic aid to be put in place against the coronavirus epidemic and which called for the use of eurobonds or in any case debt-mutualization systems. The amendment to the final resolution that will be voted on shortly had been tabled by the Greens; Lega and Forza Italia … Read more
The congresswoman of Puerto Rican descent Alexandria Ocasio-Cortez affirmed that she would cancel Puerto Rico’s public debt in expressions through a digital forum convened by the organization Boricuas Unidos en la Diáspora. The expressions of the representative to the congress come after the representative Manuel Natal Albelo, who also participated in the forum, asked her … Read more
Foreign currency restrictions are inconsistent with Macri’s open market policy Last updated: Wednesday 5 Muharram 1441 AH – September 04, 2019 KSA 13:34 – GMT 10:34 Posted on: Wednesday 5 Muharram 1441 AH – September 04, 2019 KSA 12:02 – GMT 09:02 Source: Dubai – Maya Gridini – The defeat of Argentine President Mauricio Macri … Read more
Argentina Live a new crisis. Its economy has been in the red for two years, inflation is record and the poverty rate exceeds 40%. The government of Alberto Fernandez In the midst of this recession, a complex restructuring of the maturities of its external debt has been launched, some 150,000 million dollars that it has … Read more
Argentina has obtained strong support from the International Monetary Fund in its negotiating strategy with external creditors. At the close of a week-long visit in Buenos Aires, the agency’s technical mission issued a statement in which it asks private holders of Argentine bonds to accept an “appreciable withdrawal” of the debt, which it considered “not … Read more
(MENAFN – Youm7) A delegation from the International Monetary Fund arrived in Buenos Aires, capital of Argentina, to determine the debt restructuring obtained by the Argentine government in 2018, and the streets of Buenos Aires were filled again with hundreds of people because of the refusal to visit. The Argentine newspaper “Infobay” indicated that Argentina … Read more
The International Monetary Fund (IMF) has set a precise limit to the negotiating ambitions of Argentina. “The IMF’s ability to restructure its debt, to postpone repayments or repurchases is limited by our policy frameworks. It’s not just about Argentina, ”the agency’s spokesman, Gerry Rice, warned Thursday during a press conference in Washington. Earlier this week, … Read more