MercoPress. South Atlantic News Agency
Argentina and IMF resume discussions and “fresh funds” could be included in the package
The International Monetary Fund expects the pace of its ongoing discussions with Argentine authorities to accelerate in coming weeks, IMF spokesman Gerry Rice said on Thursday. Read full article
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Disclaimer & comment rulesThe IMF only asks that Argentina needs a “carefully balanced set of policies to foster stability, restore confidence, protect the most vulnerable, and set the basis for sustainable and inclusive growth”.
Jan 16th, 2021 - 03:19 pm - Link - Report abuse 0Which my Argentine cousins will charmingly promise with special allowances due to this world economic crisis.
It's a Ponzi scheme that is admirable and proves how beautifully the intricate Tango dance is so seductive in accomplishing almost anything.
Crime does pay and blaming your troubles on someone else is an Argentine way of life.
Why would anyone lend money to the Communist/Fascist Peronists?
Jan 17th, 2021 - 07:28 am - Link - Report abuse +2Alberto Fernandez, and all Peronism, criticized the monetary and financial policies of Mauricio Macri but they are doing the same and worse now.
Jan 18th, 2021 - 04:46 pm - Link - Report abuse +1They criticized the short-term bonds of the Argentine Central Bank, called “letters”. Now the value issued by those letters is more the double than what Mauricio Macri had issued.
They criticized Macri's indebtedness with the IMF (paying an interest rate of 4%) but Alberto Fernandez “takes” debt at a rate of 16% ...
They did not cancel a single debt bond with an expiration date during the year 2020. And now this, they are looking for a new agreement with the IMF for more “fresh funds” ... at least Mauricio Macri left a fiscal deficit of 0.45% in the 2019.
Trying to understand Peronist economic policies is really a “impossible mission.”
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