IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

Tuesday, March 19th 2019 - 06:16 UTC

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An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks continued in Washington DC after the end of the mission. Read full article

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Jonaz_BsAs
Lagarde will lose her job over this.
Mar 20th, 2019 - 12:39 am - Link - Report abuse 0
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Enrique Massot
@Jonaz

“Lagarde will lose her job over this.”

I doubt this will happen, as the main IMF's goal of supporting president Macri in power until at least the October election has been fulfilled.

However, the monstrous debt created by Macri and his gang, the unprecedented level of capital flight together with high levels of economic deterioration will likely cause president Macri to lose his job.

Will be nice to see the anti-corruption white knight face his own corruption charges without the tools of the State to quash them.
Mar 20th, 2019 - 04:31 pm - Link - Report abuse 0
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Zaphod Beeblebrox
“the monstrous debt created by Macri and his gang”

The latest figures show that the external debt is decreasing, so it looks like Argentina is starting to pay back its loans. Is this a first?

https://tradingeconomics.com/argentina/external-debt
Mar 20th, 2019 - 05:12 pm - Link - Report abuse 0
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