Despite Argentina's recent failure to meet the terms of its $43 billion loan, the IMF has agreed to disburse $4.7 billion to the country. This lifeline is crucial for President Javier Milei, who is pushing for ambitious reforms.
The International Monetary Fund (IMF) has called on the United States to raise the nation's minimum wage. IMF Managing Director Christine Lagarde said a boost in the federal minimum wage would alleviate and raise and incomes of Americans along the poverty line.
The International Monetary Fund released its Regional Economic Outlook report on the Western Hemisphere, and Latin America is expected to see "low" projections. Latin America and the Caribbean's economic activity is forecast to "stay in low gear" during 2014. However, the IMF report stated Mexico will experience economic growth due to the stronger recovery of the United States and "normalization" of domestic factors.
