Argentina-IMF bound in a love-hate relationship

The country has gone to the IMF 21 times since it became a member in 1956, “so the new programme supposedly being negotiated (to restructure a credit of US$44bil or RM185.65bil) will be the 22nd in 65 years

Washington: Argentina has long had a stormy relationship with the International Monetary Fund (IMF), which many in the country see unfavourably even though it has provided a credit lifeline after decades of what experts call “very poor management of public finances.”

Twenty years after an economic, political and social crisis that shook the country – and was felt around the world – Argentina is now traversing a tense financial patch, having never fully regained the confidence of world markets.