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Argentina’s Economy Continues to Spiral Downwards

Poverty in Argentina is currently at 36% from around 26% in 2018. The numbers are alarming, as inflation currently stands at 45% and is expected to increase within this year. The massive International Monetary Fund (IMF) loan came with strict conditions, Argentina is required to...

IMF Recommends Costa Rica Increase Taxes

The International Monetary Fund (IMF) - Fondo Monetario Internacional (FMI) in Spanish - recommends the government of Costa Rica increase taxes.

Venezuela: One of the Worst Cases of Hyperinflation in Human History

Venezuela, the country with the lowest wages in the region and an unprecedented humanitarian crisis, has broken the record for the highest inflation in the Americas, to such an extent that by 2019 hyperinflation will reach the astounding figure of 10,000,000%. This is due,...

Argentina’s Unions Begin National Strikes Against Macri’s Austerity

The Argentine Workers' Central Union, widely known as the CTA organized a 36-hour strike across the country starting Monday, the second strike Argentina has faced within a month. Previously, on Sept.12, public sector employees and employees from educational institutions walked out of their jobs to protest the...

IMF Mission: Fiscal Measures in Costa Rica Are Insufficient, But Necessary

The International Monetary Fund (IMF), during a visit to Costa Rica from June 12 to 15, 2018, warned that although the measures announced by the authorities to confront the fiscal situation are a step in the right direction, a more comprehensive reform strategy would...

IMF says Colombian Economy ‘ At Turning Point’

“The Colombian economy is at a turning point, recovering from a combination of external and domestic shocks since 2014 that lowered growth and increased inflation and the external deficit,” says the concluding statement from the IMF mission following their visit. There are more than 20...

IMF Mission Concludes Visit to Costa Rica: “Unsustainable Fiscal Imbalance”

Q COSTA RICA NEWS - The favourable conditions in the global economy allowed Costa Rica's economy to an expected growth of 4.25% in 2016, but more needs to be done to stabilize public debt levels and key is for the government and legislature to...

IMF: Time Is Running Out For Costa Rica

(Q24N) The International Monetary Fund (IMF) is once again emphasizing Costa Rica for more efficient public spending and making cuts before a fiscal adjustment comes into force, in a form that is "draconian and with emergency measures". In education alone, an area into which almost...

IMF publishes new fiscal transparency assessment for Costa Rica

Costa Rica is approaching best practice in fiscal reporting and forecasting, according to a new report published by the  International Monetary Fund (IMF). The Fiscal Transparency Assessment (FTA) report notes that, following a number of significant reforms in recent years, the country meets the basic...

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