United States Announces Historic $20 Billion Currency Swap to Support Argentina
United States Announces Historic $20 Billion Currency Swap to Support Argentina
FMI
![United States Announces Historic $20 Billion Currency Swap to Support Argentina]()
Vietnam strengthens its position to become a high-income economy
Hanoi – Vietnam, once among the poorest nations in the world after decades of conflict, is now proving to be one of the most remarkable examples of economic transformation in the 21st century. Wit
![Vietnam strengthens its position to become a high-income economy]()
Global economy faces tougher year in 2023, IMF's Georgieva warns
Third of world economy to hit recession in 2023.
![Global economy faces tougher year in 2023, IMF's Georgieva warns]()
IMF tells central banks to focus on inflation as recession looms
IMF cuts 2023 global growth to 2.7% on war and downturns
![IMF tells central banks to focus on inflation as recession looms]()
IMF sees coronavirus-fueled recession as worst since Great Depression
The International Monetary Fund predicted Tuesday that the “Great Lockdown” recession, fueled by the coronavirus pandemic, will be the steepest in almost a century and warned that the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.
![IMF sees coronavirus-fueled recession as worst since Great Depression]()
Trump's trade war with China and Europe will hit global growth – IMF
UK’s outlook for 2019 stays at 1.5% but previous forecast for 1.3% this year cut to 1.1%
![Last month, the US president slapped extra duties on $200bn of Chinese goods and China retaliated with extra duties on $60bn of US goods.]()
Argentina to get more IMF funds, won't default: Macri
President Mauricio Macri said Monday that crisis-hit Argentina will receive additional funding from the International Monetary Fund and vowed to avoid a default.
![Argentina's Macri says "more IMF support coming" as talks continue]()
Argentina's central bank hikes rates to 60% as the currency collapses
Argentina's central bank yanked its benchmark interest rate up to a dizzying 60 per cent in a bid to control rampant inflation as the country's currency plummeted 15.8 per cent to a record low 40.5 pesos per US dollar.
![The Argentine peso crashed to record lows on the news. It saw steep losses in the previous session and collapsed another 15 percent to hit 40 pesos against the U.S. dollar on Thursday morning.]()
