The presidents of nine Latin American countries teleconferenced with senior executives of the IMF, the World Bank and the IDB on Wednesday to discuss how to face the economic impact of the coronavirus.
Economic authorities in Costa Rica will meet with the International Monetary Fund (IMF) and ask for a line of financing that will allow it to face the financial blow caused by the coronavirus pandemic.
Protesters in Ecuador threw projectiles at riot police Wednesday in a second day of violent protests over a fuel price hike ordered by the government to secure an IMF loan.
MANAGUA, Nicaragua – The International Monetary Fund said Wednesday it will close its office in Nicaragua in August because its job was done helping the country reduce debt and poverty, and to get on the path to sustainable growth.
The United States and Argentina sealed a major trade deal on the first day of President Barack Obama's visit Wednesday, bolstering the efforts of his counterpart to end a decade-and-a-half of international financial isolation.
ATHENS, Greece – Greece's government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.
Some economists say Cuba should seek to rejoin international financial institutions in order to reduce poverty and further economic reforms. Cuba is one of only eight countries that do not belong to the International Monetary Fund.
TOKYO, Japan – The euro held steady in Asia on Wednesday as traders shrugged off the widely expected default by Greece, with focus now turning to the weekend's referendum, which could determine the country's eurozone future.
U.S. stocks faced their worst day of the year on Monday, with the Dow Jones industrial average plunging 350 points. It was part of a sell-off that spanned three continents after negotiations between Greece and its creditors broke down over the weekend and Athens closed the nation's banks.
Groaning under at least $73 billion in debt, Puerto Rico — which is being called "America's Greece" — is staggering down a path towards default, a scenario that could ripple across cities and states that depend on bonds for building everything from schools to stadiums.
