The Senegal’s President Bassirou Diomaye Faye announced a new 30-member cabinet on June 2, that completely excludes the nationalist Pastef party led by parliamentarian Ousmane Sonko amid severe financial instability. The sudden exclusion of the Patriots of Senegal (Pastef) Party, which originally propelled Faye to the presidency, marks a significant political shift in the West […]

The economic team of Venezuela’s government met Saturday at the International Monetary Fund’s headquarters in Washington with the IMF’s managing director and her Western Hemisphere team, as part of a process to normalize relations between the Bolivarian Republic of Venezuela and the international financial community after more than a decade of sanctions and financial blockade. […]

The International Monetary Fund demanded that Argentina implement a tax reform before year-end, significantly increasing income tax payers and raising the monotax, following a US$1 billion debt disbursement linked to previously missed program targets. The International Monetary Fund (IFM) disclosed new conditions for the Javier Milei’s administration in a report published merely hours after the […]

Venezuelan Acting President Delcy Rodríguez met with a World Bank delegation in Caracas this Friday to drive economic stabilization through international investment and job creation, marking a key step in re-engaging with multilateral financial bodies. Venezuela’s Acting President, Delcy Rodríguez, held a pivotal meeting on May 15 with a high-level World Bank delegation in Caracas. […]

This Wednesday the Minister of Interior, Justice and Peace, Diosdado Cabello, denounced the seizure of resources by international financial organizations against Venezuela. This April 22, during the “Meeting for a Venezuela in peace and free of sanctions” within the framework of a new day of the Grand National Pilgrimage for Peace, the Minister of Internal […]

Acting President Delcy Rodríguez has formally urged the International Monetary Fund to release Venezuela’s $5 billion in frozen Special Drawing Rights (SDRs), originally requested by President Nicolás Maduro in 2020, crucial for vital infrastructure and economic stability. During the “Grand National Pilgrimage for a Venezuela without Sanctions and in Peace” held in Falcón state on […]

Venezuela’s Acting President Delcy Rodríguez announced today the legitimate recovery of the country’s frozen rights and assets from the International Monetary Fund (IMF), a significant diplomatic victory that will enable immediate investment in essential public services. Venezuelan Acting President Delcy Rodríguez clarified that this is “not a debt program, but the recovery of our rights […]

Venezuela’s Acting President Delcy Rodríguez announced today that the International Monetary Fund (IMF) has resumed relations with Venezuela after a six-year institutional blockade. Through state televisionon April 16, the Acting President Delcy Rodríguez made the announcement, affirming that the country is normalizing “all processes involving rights and responsibilities in the body.” The announcement coincided with […]

IMF warns the U.S-Iran war is dragging down global growth and increasing inflation risks amid major energy and supply chain disruptions.

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated this Wednesday that the steady rise in public debt in the U.S. remains concerning and will reach 140% of GDP by the end of 2030, according to the institution’s Article IV report. The official noted that the preliminary report, released February 26 following […]