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Latin American Pandemic Recovery Lagging: IMF 04/15/21 AT 1:11 PM Latin America's recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday. The persistent health crisis caused by Covid-19 remains a concern, and though growth has accelerated, helped by stronger recoveries in trading partners, the region will need a "short-term shot" of support, said Alejandro Werner, head of the International Monetary Fund's Western Hemisphere Department. The region's economy contracted by 7.0 percent in 202...

Latin America’s recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday. The persistent health crisis caused by Covid-19 remains a concern, and though growth has accelerated, helped by stronger recoveries in trading partners, the region will need a “short-term shot” of support, said Alejandro Werner, head of the International Monetary Fund’s Western Hemisphere Department. The region’s economy contracted by 7.0 percent in 2020, “the sharpest in the world” and far exceeding the...

Article content NEW YORK — Argentina’s ruling coalition appears divided over talks with the International Monetary Fund and economic policy, a senior Fund official said on Thursday, the frankest comments yet on the negotiations over a new deal to roll over $45 billion in debt. Alejandro Werner, the IMF’s head for the Western Hemisphere, said there was significant uncertainty about Argentina’s economic policy path to make its debt sustainable, a key part of striking any new deal. We apologize, but this video has failed to load. Try refreshing your browser, or IMF official says Argenti...

By Reuters Staff 1 Min Read NEW YORK, April 8 (Reuters) - There is still a lot of uncertainty about Argentina’s economic policy path to make the country’s debt sustainable, an official at the International Monetary Fund said on Thursday. “There’s always at least two legs to any restructuring. One is how you change the terms of your debt contracts, the other one is how you change your policies to make the new debt sustainable. And I think that second leg is where we have a lot of uncertainty,” said Alejandro Werner, the IMF’s head for the Western Hemisphere, in an event hosted by S...

3 Min Read NEW YORK (Reuters) -There is still a lot of uncertainty about Argentina’s economic policy path to make the country’s debt sustainable, an official at the International Monetary Fund said on Thursday. FILE PHOTO: Alejandro Werner, Director of the Western Hemisphere Department of the International Monetary Fund (IMF) speaks during the launch of the report "Economic Perspectives-Americas: Frustrated by Uncertainty", in Bogota, Colombia October 28, 2019. REUTERS/Luisa Gonzalez/File Photo “There’s always at least two legs to any restructuring. One is how you change the terms of ...