BUENOS AIRES Argentina’s oilseed crushers have struck a deal with the government to hold down domestic edible oil prices in a potential salve to tensions…
IMF’s Woes in Latin America Set to Grow After Ecuador Vote
Bloomberg 2/9/2021 Eric Martin
(Bloomberg) The International Monetary Fund risks having to renegotiate its second multi-billion dollar loan in Latin America in as many years following Ecuador’s presidential election.
The candidates who likely advanced to a runoff vote in the Andean country, Andres Arauz and Yaku Perez, have both criticized the tax increases and spending cuts required as part of a $6.5 billion loan signed with the lender last year. Their comments are reminiscent of remarks made by Argentine President Alberto Fernandez, who began talks to restructure IMF loans after sweeping to power in 2019.
Argentina's oilseed crushers have struck a deal with the government to hold down domestic edible oil prices in a potential salve to tensions after the country's president threatened to increase food export taxes to contain inflation.
By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund is working constructively with Argentina on structuring a lending program, and.
The International Monetary Fund is working constructively with Argentina on structuring a lending program, and both sides need to do their part to get there, Managing Director Kristalina Georgieva said Friday.