Argentina: The Easy Way Out?

A new loan from the IMF serves to underscore the challenges President Milei faces as he attempts to right Argentina’s economic course.

AP/Natacha Pisarenko
President Javier Milei at Buenos Aires, May 8, 2024. AP/Natacha Pisarenko

It’s rare for a country to have the IMF as its biggest creditor. Argentina is in the strange position of relying on money lent by the fund to repay the fund itself.’

 —Associated Press, May 13, 2024

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