The IMF raised its 2025 growth forecast for Latin America and the Caribbean to 2.2%, but the region is still expected to lag behind emerging markets, which are projected to grow 4.1%.
“Any further delay in global action to slow climate change and adapt to its impacts will miss a brief and rapidly closing window of opportunity to secure a liveable and sustainable future for all”.
The International Monetary Fund has approved the first review of Argentina's $20bn Extended Fund Facility programme, clearing the way for a $2bn disbursement despite concerns about critically low reserves.
The International Court of Justice (ICJ) has issued a historic advisory opinion recognising a clean and sustainable environment as a human right, declaring that states which fail to curb emissions may be in violation of international law.
The IMF has issued a stark warning about Argentina's financial stability, describing the country's international reserves as remaining at "critically low" levels despite substantial economic improvements under President Javier Milei.