Sunday, 18 November, 2018

IMF Argentina Bailout Working About As Well As The Last One

Rhonda Young | 31 August, 2018, 09:45

The central bank raised its policy rate to 60% from 45%, and pledged not to lower the interest rate at least until December.

A statement from the president aimed at calming the markets appeared to have done the opposite after his request - effectively to get early access to the remaining US$35 billion of the loan - sent the peso plummeting nearly 7.0 per cent by the close.

The International Monetary Fund on Wednesday said it was studying a request from Argentina to speed up disbursement from a $US50 billion loan program, but still wants Argentina to adopt stronger fiscal and monetary policies.

Destiny 2, God of War 3: Remastered lead PlayStation Plus September lineup
Firstly, you'll be able to play God of War 3: Remastered (which is the best God Of War game outside of the reboot in my opinion). It's interesting to see Destiny 2 included in September's PlayStation Plus lineup, as it's still a relatively new game.

The Argentine economy has experienced 30% inflation in July, one of the highest in the world.

Earlier on Thursday the peso fell to a fresh record low of 40.00 per U.S. Brazil's central bank intervened to shore up the real with additional swap auctions.

The peso's decline has contributed to a jump in inflation, which hit a 12-month rate of 31.2 percent in July.

Apple to reveal next generation iPhone on September 12
Ars will be at Apple's September event reporting on all the news, so be sure to check back for the latest on September 12 . As seen in the image above unearthed by 9to5Mac, the Apple Watch Series 4 will pack a bigger display and smaller bezels.

The Argentine currency has now lost 53 per cent of its value since the beginning of the year, to trade at 39.87 to the dollar.

He is likely to face mounting opposition from emboldened unions after promising further austerity measures following an International Monetary Fund warning on the government's need to cut its fiscal deficit, with voters mindful of the 2002-2003 economic crisis and the burdensome cuts brought by past IMF deals. It's already forecasting an economic contraction this year of 1 per cent, a sharp deterioration from the 3 per cent growth that was predicted at the start of this year.

"The market is saying: 'Just the fact that you are engaging in this conversation makes me very, very nervous, '" Daniel Osorio, president of New York-based consultancy Andean Capital Advisors, said in a telephone interview.

Amazon Canada launches new monthly Prime Membership Plan
Amazon's Prime Box children's book subscription service is now available to the company's US -based Prime members. Prime members, I hope we can inspire even more children to discover a love of reading that will last a lifetime".

Macri's Treasury minister, Nicolas Dujovne, told reporters late Wednesday that the government is working on a plan to chop its fiscal deficit more rapidly so that it can reduce borrowing. Argentine President Mauricio Macri said on Wednesday he had requested IMF do so in order to "eliminate any uncertainty that was created before the worsening of the global outlook". The country signed an agreement with the International Monetary Fund in May after a sharp depreciation of the peso. "Do they have a few weeks?"

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