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Montevideo, August 13th 2022 - 21:11 UTC

 

 

Ahead of another major blunder, an Argentine haircut for the IMF

Saturday, February 19th 2022 - 09:19 UTC
Full article 3 comments

By Willem H. Buitter – By approving an unprecedentedly large loan to Argentina in mid-2018, despite the country's failure to meet basic borrowing conditions, the International Monetary Fund committed a major blunder. Rather than compounding the mistake with another similar program, it should accept reality – and responsibility. Read full article

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  • bushpilot

    Yada, yada, yada. Argentina has been about to crash for 25 years now.

    The IMF deserves to lose the whole 50B.

    What a well-known nightmare it is trying to get Argentines to just honor their debts the way they agreed to.

    The IMF deserves to lose the whole loan.

    Save yourselves many, many headaches IMF. Erase the debt and in exchange never go near or listen to Argentines again.

    If I remember right. CFK had cut the cord with the IMF. I thought that was a good thing.

    Feb 19th, 2022 - 09:40 am - Link - Report abuse +1
  • Marti Llazo

    He who loans money to Argenzuela is an irresponsible risk-junkie fool.

    Argenzuela's primary source of revenue is funding stolen by means of defaulted loans.

    Feb 19th, 2022 - 09:55 pm - Link - Report abuse 0
  • imoyaro

    What did they think “Narcokleptocracy” means, anyway?

    Feb 20th, 2022 - 06:28 pm - Link - Report abuse 0

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