Bloomberg Argentina is considering using new reserves to be issued by the International Monetary Fund (IMF) to make a payment due to the lender in September, a move that would allow more time to overhaul an outstanding $45 billion loan. The new IMF reserve assets, called special drawing rights, or SDRs, would give cash-strapped Argentina fresh funding to pay the ...

Bloomberg Switzerland’s economy unexpectedly expanded at the end of last year, with foreign demand for its goods helping offset the impact of lockdown measures to control the pandemic. Gross domestic product (GDP) increased 0.3% in the fourth quarter, compared with estimates for a stagnation in a Bloomberg survey of economists. “On the whole, the second wave of the coronavirus until ...

Bloomberg The European Union’s (EU) fiscal rules should be adapted to allow for more spending to boost growth as countries struggle to pull their economies out of pandemic-induced recessions, according to the bloc’s top economic official. EU Economic Affairs Commissioner Paolo Gentiloni, speaking at the European Fiscal Board’s annual conference, reiterated calls to withdraw public support very gradually in order ...