The International Monetary Fund’s record loan to Argentina last year was supposed to turn the page on a troubled history. It’s looking more like a case of deja vu.Less than two decades ago, Argentina crashed out of an IMF programme, defaulted on debt and plunged into depression. As Fund officials arrived in Buenos Aires over the weekend to assess the country’s current $56bn bailout – and decide whether to keep doling out cash – some of the same warning signals are flashing.President Mauricio Macri just got trounced by the populist opposition in a nationwide primary vote, after his IMF-backed programme …read more
Source: Gulf times
