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Montevideo, August 9th 2022 - 08:09 UTC
An official with the International Monetary Fund has declared that the increase in the poverty rate in Argentina could force the government to rethink its spending plans and “protect the poor.” Read full article
The real worry for the IMF is not so much the poverty rate, but the damaging effects of the economic situation on most of the population -- including the upper middle class -- and its consequences on the October presidential election.
The real powers in Argentina are worried that Macri is rapidly exhausting whatever political capital he may still have, and that his chances of getting re-elected president in October are getting scarcer by the day.
So is Nigel Chart going to talk to Christine Lagarde on the need to relax the tough deficit zero policy they imposed on the country so that their loyal pupil can have a fair chance in October?
Actually, the IMF not only can lend but should also be able to sell bakrupt countries to recover IMF-Losses!
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