MercoPress. South Atlantic News Agency
Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital
Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules. Read full article
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Disclaimer & comment rulesWhatever Rice may say now, the IMF did loan Argentina an all-time record amount, and gave former president Macri significant flexibility on the use of those dollars and the results are now there for all to see.
Feb 15th, 2020 - 04:21 pm - Link - Report abuse 0It's important to remember that Macri sought IMF assistance early 2018, after private investors stop lending money to Argentina. Since Macri took office December 2015, he had been taking in large amounts of dollars from foreign, private investors lured by high interest rates and quick repay terms.
If the massive borrowing in 2016 and 2017 had led Argentina to ask for assistance from a last-resort lender such as the IMF: could this organization have been more careful, especially taking into account previous history?
That is why the current Argentina government, which is not benefiting from the humongous financing the previous administration did -- but instead has the task of paying for the party -- is talking about shared responsibilities.
Kumpa EM
Feb 16th, 2020 - 03:08 am - Link - Report abuse 0cuando habla la multiprocesada de presos politicos ,persecucion de los medios hegemonicos que la atacan , que la justicia la ataca sin ningun fundamento. Y la tonteria del lawfare.todo ok
Pero que lo diga desde cuba, naaaaa desde cuba , eso va para los kumpas
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