Questions on the role of the IMF in the Argentine financial situation

Thursday, September 12th 2019 - 09:55 UTC

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Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy. Read full article

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Enrique Massot
The IMF's decision-makers will have to assume their share of responsibility for the fiasco. They provided the largest loan to a country that was clearly badly managed. As several quoted in the above story said, it was foolish to expect a change in direction that would have counteracted the IMF's recessive recipes.

Donald Trump, however, wanted to keep a friendly power in Argentina, which added to Brazil tipped the balance of power into the hands of backward presidents.

Sorry, Donald. Better luck next time.
Sep 14th, 2019 - 04:24 am - Link - Report abuse -1
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