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A service for global professionals · Monday, September 25, 2023 · 657,716,206 Articles · 3+ Million Readers
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Ecuador IMF Newswire

  • Published on Sep 22, 2023

    Dollarization would eliminate Argentina's future inflation risk, former IMF board member says

    Dollarization would end inflation risks in Argentina, said former IMF board member Mark Rosen.  "It would anchor monetary policy, and be a big positive change," he told Bloomberg. Argentine presidential candidate Javier Milei has made adopting …

    Source: Business Insider - Neutral
  • Published on Sep 21, 2023

    Ecuador’s Central Bank Chief Issues Rare Rebuke of Presidential Candidates

    (Bloomberg) -- Ecuador’s central bank made a rare intervention in politics after both presidential candidates alarmed investors by pledging to spend a chunk of the nation’s international reserves.  Daniel Noboa, a wealthy businessman, and socialist …

    Source: BNN Bloomberg - Neutral
  • Published on Sep 16, 2023

    BRI partner countries are increasingly opting for bailouts from IMF

    BRI countries are increasingly opting for bailouts from the International Monetary Fund (IMF), even though they often come with tough conditions, rather than trying to negotiate further relief from Beijing, wrote Michael Bennon and Francis Fukuyama in a …

    Source: CanIndia News - Neutral
  • Published on Sep 15, 2023

    CAF bank gives $488 million in loans to Ecuador, government says

    QUITO, Sept 15 (Reuters) - The Development Bank of Latin America (CAF) has approved three credits for Ecuador worth a total of $488 million, part of which will help the next government with funding, the Economy and Finance Ministry said on Friday. A first …

    Source: Market Screener - Neutral
  • Published on Sep 22, 2023

    Developing Countries Won’t Beat the Climate Crisis Without Tackling Rising Debt

    After years of pandemic, a global recession, and intensifying droughts, floods and other climate change impacts, many developing countries are operating on increasingly tight budgets and at risk of defaulting on loans. And while debt isn’t inherently bad, …

    Source: World Resources Institute - Neutral
  • Published on Sep 13, 2023

    Milei should dollarise Argentina at once, says man who did it in Ecuador

    Argentina has essentially no dollars. Which, as critics see it, is a major impediment to presidential front-runner Javier Milei’s plan to dollarise the crisis-ravaged economy. Even Milei’s own advisers are starting to get fidgety about how barren the …

    Source: Buenos Aires Times - Neutral
  • Published on Sep 13, 2023

    Pakistan ranks 5th globally in outstanding IMF credit

    On June 30, Pakistan sealed its 23rd lending commitment in history spanning 76 years.In a global financial landscape marked by economic uncertainties and challenges, Pakistan has once again turned to the International Monetary Fund (IMF) for support, …

    Source: Daily Times - Center-left
  • Published on Sep 21, 2023

    Africa’s coup trend rattles bonds and investors

    A UN Development Programme (UNDP) study dated July shows how the costs add up. It estimated Guinea’s 2008 coup and one in Mali in 2012 wiped off a combined $12bn-$13.5bn from the two countries’ economies over a five-year period. This represented 76% of …

    Source: BusinessLIVE - Uncategorized
  • Published on Sep 21, 2023

    Counting the cost of contagion fears from Africa coups

    Gabon coup leader General Brice Oligui Nguema is sworn in as interim president during his swearing-in ceremony, in Libreville, Gabon, September 4, 2023. REUTERS/Stringer/File Photo Acquire Licensing Rights Gabon's bonds slide post-coup; …

    Source: Reuters - Neutral
  • Published on Sep 18, 2023

    From BRICS to BRICS Plus: Old Partners and New Stakeholders

    Introduction Harsh V Pant Multilateral institutions reflect the power realities of the time of their inception. As the balance of those power realities change, so too, does their efficacy become a matter of interrogation. Today we are witnessing a rapid …

    Source: Observer Research Foundation - Neutral
  • Published on Sep 18, 2023

    Credit Suisse, BofA debt swaps under scrutiny

    Bond deals arranged by Credit Suisse and Bank of America Corp. in connection with debt swaps for emerging-market issuers are facing renewed scrutiny, after the International Capital Market Association issued new labeling guidelines. The bonds were sold …

    Source: Investment News - Neutral
  • Published on Sep 13, 2023

    Argentina can dollarize without dollars, says economist who made the switch before

    Argentina's dollar scarcity shouldn't stop it from dollarizing, Francisco Zalles told Bloomberg. The economist previously helped Ecuador dollarize in 2000. "For Milei's plan to work, he needs nothing," Zalles said. "He just needs …

    Source: Business Insider - Neutral
  • Published on Sep 13, 2023

    Zhang and Canuto | Looking towards Latin America and the Caribbean for global leadership

    The world economy remains beset by challenges, from tight monetary, financial, and fiscal conditions to the effects of the war in Ukraine. These headwinds are impeding global growth – which is expected to slow to 3.0 per cent this year, compared to 3.5 per …

    Source: The Gleaner - Neutral
  • Published on Sep 1, 2023

    The new government will have more expenses, less income and little room for debt

    The new government will have more expenses, due to the El Niño Phenomenon and the insecurity crisis, but the income is not enough and there are few lenders. Caravan to promote the “Yes” in the consultation to close the ITT block in Yasuní. One of the …

    Source: Ecuador Times - Label Pending
  • Published on Sep 24, 2023

    Fuel Subsidy: Energy Security Nigeria can’t do without, By AUDU LIBERTY OSENI

    A file photo of an attendant filling the fuel tank of a car. The Media Advocacy West Africa – MAWA Foundation calls on Mr. Bola Tinubu, the Nigerian President to review his policy on fuel subsidy removal.  This is because, the fact before us and other …

    Source: National Accord Newspaper - Neutral
  • Published on Sep 22, 2023

    Colombian President Gustavo Petro: Full Interview on Democracy Now!

    This is a rush transcript. Copy may not be in its final form. AMY GOODMAN: The United Nations General Assembly is continuing today in New York. On Tuesday, Colombian President Gustavo Petro gave an inspired address calling to end wars while doing more to …

    Source: Democracy Now! - Left-wing
  • Published on Sep 19, 2023

    BRI loses momentum; US gains

    China’s Belt and Road Initiative (BRI) is losing its luster, paving the way for enhanced US diplomatic and economic engagement as a BRI alternative. Chinese President Xi Jinping (習近平) unveiled the initiative in Kazakhstan in 2013 and it now involves 150 …

    Source: Taipei Times - Neutral
  • Published on Sep 16, 2023

    Fernández thanks G77+China for supporting Argentina's claim over Falkland/Malvinas

    Saturday, September 16th 2023 - 09:54 UTC “The US hegemony is not what it used to be and there is a Europe in a crisis that began with Brexit,” Fernández argued Argentine President Alberto Fernández warned Friday in Cuba that there is still “a dominant …

    Source: MercoPress - Neutral
  • Published on Aug 24, 2023

    New Government will inherit a millionaire hole for ITT and tax reduction

    Closing of the ITT and tax reduction will mean a drop in income of at least USD 2.4 billion per year, without taking into account the possible effects of El Niño. Image of the Ishpingo field facilities, at ITT, on July 4, 2023. The closure of the ITT oil …

    Source: Ecuador Times - Label Pending
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