Argentina and the IMF: A Never Ending Story
By
Alejandro M. Werner
A recent agreement with the lender does little to solve underlying problems.
In recent weeks, Argentina’s government and the International Monetary Fund (IMF) announced a preliminary agreement for a new program – the 23rd in the country’s long history with the multilateral lender. Unfortunately, the details provided so far are underwhelming, with policy commitments and reforms nowhere near what Argentina needs to improve its economic prospects, suggesting the country may remain stuck in its loop of low growth and instability. Following the IMF announcement, and a restructuring of its debt with private sector creditors in August 2020, Argentina will have...
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