Displaying items by tag: IMF
Country risk increased 15.71% in january 2022 according to UFG report
According to a report prepared by the Universidad Francisco Gavidia (UFG), El Salvador's Emerging Markets Bond Indicator (EMBI) after falling to 5.38 in April 2021, rose to 15.71 in january 2022 (+1,033 basis points in 9 months), in view of changes in the Corte Suprema de Justicia (CSJ), Fiscalía General de la República (FGR), the announcement of free circulation of Bitcoin and uncertainty in the negotiation the International Monetary Fund (IMF).
IMF says El Salvador's economy will grow 3.2% in 2022
According to a report by the International Monetary Fund (IMF), El Salvador's economy will grow by 3.2% in 2022, due to robust external demand, resilient remittances, and solid pandemic management.
The IMF asks the Government of El Salvador to eliminate Bitcoin as legal tender
The International Monetary Fund (IMF), asked the Central Government to eliminate Bitcoin as legal tender in the country due to the "serious risks" it implies for the market and financial stability. The body also showed its concern about the issuance of bonds backed by the cryptocurrency.
IMF forecasts world growth to moderate to 4.4% in 2022
The International Monetary Fund (IMF), for the global economy, 2022 is starting off on weaker-than-expected terms. As the new omicron variant of the COVID-19 virus progresses, countries have once again instituted mobility restrictions.
IMF states that adopting Bitcoin in El Salvador may involve many risks
The International Monetary Fund (IMF), called on the Central Government to control the use of bitcoin as a legal tender in the country, due to the high volatility of the cryptocurrency, which implies great risks for consumer protection, the integrity of the financial system and financial stability.
Treasury will seek a fiscal adjustment of 4% of GDP to reach an agreement with the IMF
The minister of Finance, Alejandro Zelaya, expressed in a morning interview that they are going to finish the evaluation of Article IV with the International Monetary Fund (IMF) and stated that they will seek a fiscal adjustment of 4% of the Gross Domestic Product (GDP), in order to reach an agreement with the institution.
IMF and BCR confirm El Salvador's 9% growth by 2021
The International Monetary Fund (IMF) confirmed today that El Salvador's economy will have an economic growth of 9% this year, which reaffirms the Banco Central de Reserva (BCR) projection made last august.
IMF estimates inflation to continue until mid-2022 before returning to pre-2020 levels
According to a blog published by the International Monetary Fund (IMF), representatives Francesca Caselli and Prachi Mishra say that the economic recovery has spurred a rapid acceleration in inflation this year in advanced and emerging market economies, driven by robust demand, tight supply and rapidly rising commodity prices.
The pros and cons of cryoptoactives according to the IMF
New digital forms of money have the potential to offer cheaper and faster payments, increase financial inclusion, improve the resilience and competition of payment service providers, and facilitate cross-border transfers.
IMF supports 29 poorest and most vulnerable countries with US$117 million
In this context, support from the International Monetary Fund (IMF) has been a critical factor in saving lives and livelihoods. In response to the crisis, the IMF has provided US$117 million in new financing and debt service relief to 85 countries around the world.