The IMF after Argentina

Thursday, October 3rd 2019 - 08:52 UTC

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By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity? Read full article

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Enrique Massot
The explanation need not be complicated. The U.S. wanted badly Macri to win a second term, and pushed the IMF to loan money to Argentina in spite of all the warnings detailed in the story above, with the complacence of Christine Lagarde.

As a result, the upcoming government will have a good case to claim the IMF's co-responsibility for lending huge amounts of money to a government that had already shown total irresponsibility in managing Argentina, and worse still, managing the large amounts it borrowed, first from private lenders, and then from the IMF.
Oct 04th, 2019 - 04:24 pm - Link - Report abuse -2
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:o))
REF: “IMF after Argentina”:

They will owe so much money to the IMF that Argentina can claim that they own IMF! That's the Best-Case Scenario!
Oct 07th, 2019 - 10:28 am - Link - Report abuse 0
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imoyaro
Not complicated at all, eh , Kamerad/Komrade Rique?

https://oi1290.photobucket.com/albums/b521/imoyaro/votekameradrique_zpsalzeh2tj.jpg?t=1570441352
Oct 08th, 2019 - 10:21 am - Link - Report abuse 0
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