IMF's financial deal with Argentina “harmful” and will be “reworked”, anticipates main opposition candidate

Friday, June 28th 2019 - 09:50 UTC

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Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.” Read full article

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Enrique Massot
Christine Lagarde, who tied her political future to a triumph of Macri in October, will be in trouble for bending the rules to allow the Argentine government to use IMF dollars to prop up the peso, in spite of evidence that many of those dollars are siphoned out of the country.

This and others are investigations waiting to happen as soon as Macri’s tight grip on the judiciary loosens.
Jun 30th, 2019 - 01:51 am - Link - Report abuse -2
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Zaphod Beeblebrox
“...evidence that many of those dollars are siphoned out of the country”

You keep saying this, but if you look at the 10-year trend at https://tradingeconomics.com/argentina/capital-flows you will see that there has been capital flow out of Argentina almost continually since 2010. Yes, it did accelerate under Macri, but is now back to the sort of levels it was from 2013-2017. So, where is your evidence?
Jul 02nd, 2019 - 05:36 pm - Link - Report abuse +1
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