Brazil asks US to help Argentine with IMF talks

Friday, May 12th 2023 - 10:59 UTC

Full article 6 comments

The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country. Read full article

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Brasileiro
If the USA really wants a rapprochement with South America, they must help Argentina and other countries in the region that need it.

What good is an older brother?
May 12th, 2023 - 12:02 pm - Link - Report abuse 0
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Dirk Dikkler
@Brasileiro Yes they can start with transparency and accountability of actions for there government and an independent Judiciary (No political pressure) plus try replacing autocracy with competency on high placed business positions.

That is what an Older Brother should do!!
May 12th, 2023 - 01:57 pm - Link - Report abuse +1
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Brasileiro
So it's better to go slowly because we're not getting it right.

https://www.youtube.com/watch?v=BdGhHzTITqg&list=FLmXPTu1f8AdGlizWNiASx2A&index=3
May 12th, 2023 - 03:06 pm - Link - Report abuse 0
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Chicureo
Asking Argentines to face fiscal sanity is an impossible task...
The Americans are not the fault!
May 12th, 2023 - 07:31 pm - Link - Report abuse +1
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bushpilot
Didn't the IMF help out the Argentine government before the last presidential election?

The U.S. wanted a conservative government to win. Macri lost anyway.

Christine Kirchner called it a “catastrophe”.

Now, where are they looking for help? To the IMF?
May 13th, 2023 - 04:53 pm - Link - Report abuse +1
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Pugol-H
No doubt the drought has had a big impact of the situation, but it cannot be the only cause of the current predicament.

Perhaps the Chinese may be able to help out with a loan, or some more currency swaps? LOL.

Any ‘restructuring’ by the IMF is likely to come with harsher requirements for the future economic management.
May 13th, 2023 - 05:27 pm - Link - Report abuse +1
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