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Sergio Massa - 1 David Lawder - 1 Hugh Lawson - 1 Alistair Bell - 1
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Search resuls for: "David Lawder Jorgelina Do Rosario"


2 mentions found


☆ IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln
  + stars: | 2023-07-28 | by ( David Lawder Jorgelina Do Rosario | David Lawder | Jorgelina Do Rosario | ) www.reuters.com   time to read: +3 min
WASHINGTON/LONDON, July 28 (Reuters) - The International Monetary Fund said on Friday that it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling country's $44 billion loan program. Reuters first reported that the agreement would combine the fifth and sixth reviews of Argentina's IMF program -- a move that provides additional loan funds sooner. The IMF said its board would meet to consider the agreement in the second half of August. The Fund said that the program will need waivers because these measures are "against the introduction of multiple currency practices." Argentina is set to have another three reviews on its 2022 IMF programme by September 2024, though the IMF statement didn't specify what would happen with those.
Persons: Sergio Massa, David Lawder, Hugh Lawson, Alistair Bell Organizations: WASHINGTON, Monetary Fund, Reuters, IMF, Argentine, Thomson Locations: LONDON, Argentina, Buenos Aires, Beijing, Washington, Rosario, London
☆ Pakistan seeks rescheduling of $27 bln bilateral debt-finance minister
  + stars: | 2022-10-15 | by ( David Lawder Jorgelina Do Rosario | David Lawder | Jorgelina Do Rosario | ) www.reuters.com   time to read: +3 min
The veteran finance minister said multilateral development banks and international donors have been "quite flexible" with ways to meet Pakistan's external financing needs estimated at about $32 billion after devastating floods. But asked whether Pakistan would seek to reduce debt principal, he said "rescheduling is fine, but we are not seeking a haircut. RUPEE DEFENDERDar, who served as Pakistan's finance minister three previous times -- most recently from 2013 to 2017 -- is known as a staunch defender of the rupee . Dar said that he views the "true value" of the rupee at a level under 200 to the dollar. The Pakistan finance minister added that the IMF's new emergency "food shock" borrowing window may also be a good fit for the country, which has lost crops due to devastating floods and may need to import up to half million of tons of wheat in the next year.
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