Economics
With a Track Record of Disasters, Argentina and IMF Think Small
- Agenda is modest after ambitious past deals that ended badly
- Argentina seeks no cash, IMF won’t push austerity in pandemic
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Argentina’s latest talks with the International Monetary Fund are getting under way with an agenda that looks modest by comparison with the grand ambitions that defined their past dealings.
Given how those deals turned out, that may be just as well.
It’s only two years since the IMF broke its own credit records by offering Argentina $57 billion. The goal was to help a market-friendly government battle recession -- and write an upbeat chapter in what’s been an acrimonious borrower-lender history. But hardly anything went as planned.