My firm has posted for a while the numbers that the IMF were saying were way off for 2026 and inflation would be much higher. This morning they adjusted.
The Fund just raised its annual inflation estimate for Argentina to 30.4% and lowered GDP growth projections to 3.5%. The "V-shaped" dream...
WTF. I thought the IMF debt was being paid down but this says IMF debt actually went up with Milei. Sweet Jesus!
https://www.cnnchile.com/mundo/deuda-de-argentina-con-el-fmi-crece-36-en-un-ano-y-supera-los-us57-000-millones_20260411/
I guess this means Milei isn't winning any Nobel awards? :ROFLMAO::ROFLMAO::ROFLMAO:
https://eleconomista.com.ar/finanzas/las-reservas-netas-son-negativas-us-11000-millones-estan-mismo-nivel-entrego-alberto-fernandez-n89693
I'm glad to see that Preident Milei has cancelled trips abroad. He needs to stay home and focus on the economy. That is his #1 priority and he needs to stay heads down and focused on that before the mid-term elections...
Milei said he plans to go to a flexible exchange rate after the dollar restrictions are lifted, in line with what the IMF is asking for - Infobae
Source...
The IMF removed a key director questioned by Milei from negotiations with Argentina - Infobae
Source:
https://www.infobae.com/economia/2024/09/12/el-fmi-desplazo-de-las-negociaciones-con-la-argentina-a-un-director-clave-cuestionado-por-milei/
September 12, 2024
This is Rodrigo Valdés...
Argentina and the IMF: Can This Marriage Be Saved?
Before agreeing on a new program, the 23rd in their convoluted history, the IMF and its main borrower should do some honest soul-searching...
More good news this week. $800 million coming to Argentina soon.
https://www.reuters.com/markets/imf-board-approves-review-argentina-unlock-800-million-2024-06-13/
The IMF praised Argentina's "impressive" progress and estimated that the economy will fall 2.8% and that inflation will be 150% - Infobae
Source:
https://www.infobae.com/economia/2024/04/16/el-fmi-estimo-que-este-ano-la-economia-argentina-caera-28-y-la-inflacion-llegara-al-150-por-ciento/...
Milei's optimism after the trip to the US: he believes that the fiscal goal with the IMF for the first quarter was met - Infobae
Source:
https://www.infobae.com/economia/2024/04/15/el-gobierno-cumplio-con-la-meta-de-superavit-fiscal-del-primer-trimestre-acordada-con-el-fmi/
April 15, 2024...
The Government responded to the IMF by stating that it is protecting the poorest- Infobae
Source:
https://www.infobae.com/economia/2024/03/26/el-gobierno-le-respondio-al-fmi-al-afirmar-que-esta-protegiendo-a-los-mas-pobres/
March 26, 2024
Spokesman Manuel Adorni responded to the...
Rodrigo Valdés of the IMF called for improving “the quality of fiscal adjustment, not the quantity” - Infobae
Source:
https://www.infobae.com/economia/2024/03/26/rodrigo-valdez-del-fmi-pidio-mejorar-la-calidad-del-ajuste-fiscal-no-la-cantidad/
March 26, 2024
The director of the Western...
Dollar, interest rate and the return of Profits: the issues under discussion between the Government and the IMF towards a new program - Infobae
Source...
The IMF recognized the slowdown in inflation, but insisted on improving pensions and social spending - Infobae
Source:
https://www.infobae.com/economia/2024/03/07/el-fmi-reconocio-la-desaceleracion-de-la-inflacion-pero-insistio-en-mejorar-las-jubilaciones-y-el-gasto-social/
March 07, 2024...
The number two of the IMF began her mission in Argentina and today she will meet with Minister Luis Caputo - Infobae
Source:
https://www.infobae.com/economia/2024/02/21/la-numero-dos-del-fmi-comenzo-su-mision-en-la-argentina-y-hoy-se-reunira-con-el-ministro-luis-caputo/
February 21, 2024...
The Government told the IMF that poverty already affects more than 50% of Argentines - Infobae
Source:
https://www.infobae.com/economia/2024/02/05/el-gobierno-le-dijo-al-fmi-que-la-pobreza-ya-alcanza-a-mas-del-50-de-los-argentinos/
February 05, 2024
In a document presented to the...