ARGENTINA and the International Monetary Fund share a rocky history spanning seven decades – and it looks as if things could get worse.
Just five years ago, Argentina became the Washington-based global lender’s biggest single debtor, receiving a US$57bil bailout to help then-President Mauricio Macri’s market-friendly government steer out of an economic crisis marked by high inflation and a gaping budget deficit. But that programme failed to put South America’s second-largest economy back on its feet.
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