Expanding the Legacy
Tag: IMF
4 Posts
Argentina Turns to Eccentric Outlier
A far-right libertarian candidate with credentials that elsewhere would make presidential hopefuls blush has burst out of nowhere to claim centre stage in Argentina. Javier Milei (52), a self-described ‘anarcho-capitalist’, wants to shutter the country’s inept central bank, replace the long-suffering peso with the US dollar, abolish all but a...
$160 Billion in Emergency Aid
World Bank President David Malpass has joined IMF Managing Director Kristalina Georgieva in urging bilateral creditors to extend debt relief to poor countries struggling to cope with the corona virus. “Many countries will need debt relief. This is the only way they can concentrate any new resources on fighting the...
Oops, I Did It Again
Argentina has defaulted on its public debt – again. The country is familiar with the script that follows and unlikely to be intimidated by upset creditors. In fact, Argentina is seen blazing a trail for others grappling with debt loads that have become unsustainable after the corona pandemic unhinged economies,...
The Dark Side of the Prime Minister’s Miracle
Since the International Monetary Fund (IMF) ditched its one-size-fits-all approach, the economic guidelines dispensed by the organisation have become rather vague. On a visit to Britain, IMF Managing Director Christine Lagarde on Thursday surprised friend and foe as she lavishly praised British Prime-Minister David Cameron for his ‘eloquent and convincing’ economic leadership.
