MercoPress. South Atlantic News Agency
IMF/Argentina discussions to stabilize the economy are “progressing well”
“We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously”, Ms Lagarde said “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously and efficiently in order to change the perception about Argentina and the perception that people have about our role,” Ms Lagarde said in Russia.
“So I am very, very focused on that relationship.”
Ms Lagarde said the current outflows seen in emerging markets were to be expected in the event of dollar strengthening, but that many markets are in much better shape today than at the time of the ”taper tantrum“ in 2013.
”We did say that with dollar strengthening and monetary policy tightening in the US we would most likely see a flow back of capital from emerging markets,“ she said.
”That’s obviously going to unsettle some of the emerging markets that have not taken the necessary precautions or are weak in their fundamentals.”
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Read all commentsChronic:
May 27th, 2018 - 04:06 pm +1Good! You have managed to pen, in just two sentences, the most complete display of ignorance - or interested bias - I've seen in a long time.
What you are now witnessing in Argentina is a textbook case of the application of neoliberal economic policies - and its consequences are now there for all to see.
There is plenty information about the results of previous IMF interventions in Argentina - and what the consequences were.
As Albert Einstein said, doing the same thing over and over again and expect different results is the very definition of insanity.
“You have managed to pen, in just two sentences, the most complete display of ignorance - or interested bias - I've seen in a long time.”
May 27th, 2018 - 09:21 pm +1Lol, evidently you haven't been reading Chronic's other comments. For him, that was almost lucid. Also hypocritical; he's a Trump supporter and only believes in neo-liberal policies for *other* countries.
Christine Lagarde has, apparently, become addict of group hugs.
May 27th, 2018 - 06:16 am 0“Ms Lagarde said the current outflows seen in emerging markets were to be expected...but that many markets are in much better shape today than...in 2013.”
Madame Lagarde: If Argentina's market were even in mediocre shape, it wouldn't been calling for a loan from you.
We lost Cristina...we got Christine.
What a terrible bargain.
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