IMF Board unanimously approves Argentina deal

Friday, March 25th 2022 - 16:09 UTC

Full article 3 comments

The International Monetary Fund's board of directors Friday approved unanimously the latest US$ 45-billion program signed with Argentina, with which the South American country has avoided default. Read full article

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Jo Bloggs
Here we go again…
Mar 25th, 2022 - 10:49 pm - Link - Report abuse 0
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imoyaro
More Kabuki theater, with lots of greasepaint...
Mar 26th, 2022 - 05:52 am - Link - Report abuse 0
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Falklands-Free
Going to be interesting to see if they honour the interest payment due by 31st march.
Then what's to bet a couple years down the line they will again seek a renewed agreement because they still cant afford the already modified one.
It is amazing how a system can give huge amounts of money to poor paying countries yet if an individual were to get into arrears with their mortgage the bank would foreclose on them with no questions asked.
Maybe you have to be a failed state to suck money out of the rich.
Argentina certainly falls into that category nicely.
Mar 26th, 2022 - 11:32 am - Link - Report abuse +1
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