Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

Monday, April 11th 2016 - 05:46 UTC

Full article 6 comments

Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday. Read full article

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Mick23
If I recall correctly, this would be a revision of mutton chop Charlie's negotiations post Alphonsin back in the 90's ..... Can we say that Argentina-land seems to have an approximate ten year cycle where one government tries to move forward only to have their knackers busted by the next govt. who distances themselves from all global entities who try to put them straight... That is to say they will develop new relations with the money people get a huge loan with promise to repay only to default at the first opportunity when the populace feel that things are so good, that we are the greatest again and beyond reproach...

When will it all end?
Apr 11th, 2016 - 12:39 pm - Link - Report abuse 0
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Troy Tempest
@1

“When will it end?”

When the corrupt thieving politicians like CFK are shown to be held responsible for their mis-governance and irresponsibility.

Macri has the right idea - prosecute them, now.

BTW,

Justice for Nisman!
Apr 11th, 2016 - 01:32 pm - Link - Report abuse 0
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ChrisR
So it will be a meeting between a crook and someone with a good reputation.

Prat-Gay needs to be very careful what he says to the Frog Crook, he doesn't want to be associated with the likes of her and Osborne who supported her latest incarnation 'Unreservedly'.

Shows how much Osborne knows (or not).
Apr 11th, 2016 - 04:49 pm - Link - Report abuse 0
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Enrique Massot
The Macri government is walking the same old tired path of indebtedness and dependency that is part of Argentina's history.
Talking is cheap for Prat-Gay: the economy should start to grow, fiscal deficit and inflation would go down, “ and ”a strong economy should boost the administration,“ the writer brilliantly concludes.
Pure bull. No a single measure of the current government goes to boost growth. Commodity prices are depressed, and Macri is using all the battery of recessive recipes the IMF is so fond of. Knocking down the domestic sector and opening the door to imports is going to make happy--and richer--a few ones while impoverishing the majority.
The conclusion? ”Deja vu all over again,” as Yogui Berra used to say.
Apr 11th, 2016 - 07:24 pm - Link - Report abuse 0
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chronic
Christine Ligarde recommended an aggressive expansion of world monetary policy yesterday.

OK clueless, quantitative easing and negative interest rates won't budge the meter.

What are you suggesting?

A war to increase consumption?

This bitch is so ignorant.
Apr 11th, 2016 - 11:13 pm - Link - Report abuse 0
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Lucifer
Facts and history are so inconvenient to Lefties. The IMF has helped far more countries get back on their feet than not.
Only countries that don't abide by their agreements end up falling right back into collapse.
Just like Argentine did last time they din't listen or obey.

This time they will.
Apr 12th, 2016 - 05:50 pm - Link - Report abuse 0
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