Publications

The Bank of the Republic maintained its benchmark interest rate at 9.25% in a divided decision by its Board, reflecting its cautious stance amid persistent inflation and fiscal risks. The institution also announced the cancellation of the Flexible Credit Line with the IMF.

This year, the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB) in Washington were characterized by noise. The biggest concerns remain the impact of tariffs on the economy and on financial assets, especially the dollar.

The meetings of the International Monetary Fund (IMF) are useful to gauge the health of the economy and analyze the challenges it faces. The snapshot this year has been upbeat since global growth forecasts have been revised up and the IMF has attached less importance to the myriad risks it had outlined.

This week the meetings organized each year by the International Monetary Fund (IMF) and the World Bank are taking place, just a few weeks after episodes of financial turbulence occurred.

With a better than expected 2022, Argentina will face a complex 2023, with a drop in the level of activity and high inflation that will lead to a stagflation scenario. The main challenges will be the rollover of debt in the local market for challenging amounts and the vulnerability of the FX rate scheme.

The deviations from the targets agreed with the IMF triggered a deterioration of expectations and the economic situation, deepened by political tensions. Economic activity will slow down more than expected in the coming quarters.

The International Monetary Fund (IMF) has reported on the results of the annual assessment of the Mexican economy for 2019. The IMF approves a new flexible credit line for Mexico. Commercial banking contributed to growth in 1H19. Adjustments for securities operations. Amendments for bank correspondents.