Displaying items by tag: IMF

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 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.

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.

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.

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.

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.

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.

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.

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.

If such approval is received, the allocation of Derechos Especiales de Giro (DEG)will take place by the end of august.