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Montevideo, July 17th 2024 - 13:02 UTC

Tag: investment-led growth

  • Tuesday, February 18th 2020 - 06:32 UTC

    FT: “Argentina needs a plan for investment-led growth”

    IMF has tough questions to answer. It lent a record US$ 57bn to Argentina to support an economic program which failed after little more than a year.

    The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival”