The national strike and protest was against the privatization of public companies and a forthcoming deal with the International Monetary Fund.
Argentines have been protesting these high prices in massive mobilizations around the country, and especially in the Capital, Buenos Aires. On Wednesday over a million Argentines took to the streets under the „Land, Housing and Work“ slogan, to attack the government’s economic policies that are backed by the International Monetary Fund (IMF). The mobilizations will continue in the South American country to oppose these policies imposed, with the next protest scheduled for February 26.
The administration’s slashing of subsidies, reducing entire ministries, selling off peso reserves, and taking out a US$ 56.3 billion loan from the highly unpopular International Monetary Fund (IMF) have all contributed to the president’s decreased chances at winning another term in eight months. Major union and social movement protests have taken place regularly in Argentina since late 2017 to demonstrate against the government’s austerity measures and the IMF loan.
Tunisia is under pressure from the International Monetary Fund to freeze public sector wages as part of reforms to help reduce the country’s budget deficit.
Members of one of Argentina’s largest unions, the Confederation of Workers for the Popular Economy (CTEP), the Excluded Workers Movement (MTE), The Association of State Workers (ATE), along with several other education and transportation unions are setting up on Monday to feed some 2,000 people on the lawn in front of the national congress located in Buenos Aires.
Pakistan is currently engaged in negotiations for a 13th bailout, since the early 1980s, from the International Monetary Fund following the devaluation of the country’s currency on five different occasions, causing the dollar value to be diminished by more than a quarter.
They paraded with signs attacking Trump and the International Monetary Fund, whose largesse is keeping Argentina afloat at the cost of hard-hitting austerity measures.
(13.11.2018) Changes in the pension system planned by the government that would effectively lower the retirement age, allowing people to end their working lives when their age and number of years of social-security contributions reach 100, would have negative effects, the International Monetary Fund (IMF) said Tuesday.
Stability in Jordan is seen as fundamental to the region and in the wake of protests Amman was offered a $2.5 billion aid package from three Gulf backers.
More than $1 billion has already been deposited in the central bank by Saudi Arabia, the United Arab Emirates and Kuwait, a Jordanian government source said in October.
How’s that anti-Brexit saviour moment going then @davidschneider ?
Tens of thousands will attend the IMF-World Bank meeting in Bali.
The Bank of England governor and the head of the International Monetary Fund praised the abilities of Federal Reserve Chairman Jerome Powell on Thursday, after U.S. President Donald Trump said the Fed had “gone crazy” by raising interest rates.
Treasury Secretary Steven Mnuchin speaks to CNBC’s Geoff Cutmore at the IMF World Bank Meeting in Bali about the markets, the Federal Reserve, China and global economies.
Lagarde said in a statement that the request came during her meeting with Finance Minister Asad Umar and State Bank Governor Tariq Bajwa on the sidelines of the IMF and World Bank annual meetings in Bali.
The Spanish Supreme Court has upheld a four-and-a-half year prison conviction against Rodrigo Rato, a former banker, International Monetary Fund (IMF) chief (2004-2007) and deputy prime minister of Spain between 2003 and 2004.
In February 2017, Rato was found guilty of embezzlement in a high-profile case involving corporate credit cards used by top executives at the lenders Caja Madrid and Bankia, which Rato headed between 2010 and 2012.
The Argentine Workers‘ Central Union, widely known as the CTA, will set up a tent Monday at 5:00 pm local time until Friday in front of the Congress for five days where discussions and debates will be held regarding the 2019 budget project of the Macri government.
Luis Caputo’s surprise resignation after just three months in the role came as a nationwide strike by unions, called to protest Macri’s handling of the economy, shuttered public transit and ports across the country.
Former Economic Policy Secretary Guido Sandleris, who holds a doctorate in economics from Columbia University, was named as Caputo’s replacement.
(17.9.2018) Lagarde: No-deal Brexit would hurt growth and weaken the pound
BREAKING: UK faces massive Brexit workload, says IMF
IMF: UK would be weaker under any Brexit deal
Hammond: We need to heed IMF’s warning
A demand that Pakistan restructure (only) the Chinese loans, or that the IMF monitor and control the terms and progress of CPEC projects, will be obviously unacceptable to both Pakistan and China. Pakistan may have to do without an IMF package.
(23.Juli) The increases follow hikes to fuel, electricity and public transport prices that are part of a $12 billion IMF loan programme signed in 2016 that aims to lure back investors and lift the economy battered by political turmoil since 2011.
„Inflation, the fall in activity and the fiscal adjustment brought about by the agreement with the IMF will deepen this trend in the labor market,“ said one analyst.
Thousands of people have rallied in the Argentinean capital Buenos Aires to protest against a visit by head of the International Monetary Fund (IMF) Christine Lagarde.
The Times report comes just weeks before a visit to the UK by the newly-elected Ecuadorian president Lenin Moreno, who has labeled Assange a “hacker”, an “inherited problem” and a “stone in the shoe.”
„We will not submit to the dictates of the IMF (International Monetary Fund),“ Parliament Speaker Atef Tarawneh said on Saturday after a meeting with Prime Minister Hani al-Mulki.
Di Maio was answering a question about the possibility of the M5S not voting against a technocrat executive led by former IMF official Carlo Cottarelli.
But in deliberately forcing a new election over the euro, which a majority of Italians say they support, the usually careful and measured Mr. Mattarella expressly put an explosive issue with the potential of transforming Europe front and center. And by using his constitutional powers to block the new government in order to protect Italian savings accounts from increasingly wary markets, he also handed the gifted and gleefully hostile populist parties the talking point of a lifetime before the elections.
The man tapped to head a neutral government in Italy after two populists failed in their bid is a former official at the International Monetary Fund who is a firm believer in the euro and in the necessity of Italy cutting its stubbornly high-debt load.
„No one ever thought about quitting the euro,“ Salvini told Radio Capital.
„It wasn’t in our programmes, it wasn’t in Savona’s programme.
„There was just the revision of the banking system and the taxes“.
„I’m not speaking about that,“ Salvini said when asked about a possible impeachment.
„At a time like this, everyone’s first duty is to defend the savings of the Italian people, safeguarding our country’s families and companies“ Berlusconi said.
The centre-left Democratic Party (PD) on Sunday backed President Sergio Matterella after his controversial rejection the nomination of Paolo Savona as economy minister.
„The League and the 5-Star Movement are using unheard of words and unprecedented threats,“ caretaker PD leader Maurizio Martina said via Twitter.
Italy’s two populist leaders forged a coalition from very different policy platforms. They found a prime minister that both could accept. Then President Sergio Mattarella vetoed their finance minister and their bid for power foundered, unleashing chaos and rage in equal measure in Rome.
Shortly afterwards, he summoned former International Monetary Fund (IMF) senior official Carlo Cottarelli for a Monday morning meeting — an indication he may be considering asking him to head a government of unelected technocrats.
5-Star Movement (M5S) leader Luigi Di Maio said Sunday that President Sergio Mattarella should be impeached after he rejected the nomination of Paolo Savona as economy minister.
„(What) if we have elections and we win and the we go to the president’s palace and they say we cannot form a government?“ Di Maio said on a telephone interview with RAI show ‚Che Tempo Che Fa‘.
Speaking to Greek media on Thursday, Finance Ministry sources confirmed that talks with the inspectors representing the country’s official lenders have culminated in an agreement to reduce pensions in January 2019 as agreed, and slash the income tax-free threshold in 2020.(…)
Remaining stumbling blocks reportedly include delays in the selection of new general secretaries for Greek ministries, over which the government was warned by troika representatives.
Scores of demonstrators gather outside the Congress in Buenos Aires, Argentina Wednesday to protest President Mauricio Macri’s decision to request budgetary financing of US$30 billion from the International Monetary Fund (IMF).