Economics
The IMF Is Doing Just Fine in the Age of Trump
- Administration scornful of globalization signed off on loan
- But Argentina was easy, and future IMF moves may spark a fight
Trump, center, sits after arriving late for the G-7 gender equality meeting on May 10.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
The G-7 summit was a horror-show for globalists. The same week, there was some brighter news.
Before President Donald Trump headed to Quebec to upend ties with some of America’s closest allies, his administration endorsed a $50 billion International Monetary Fund loan for Argentina, the biggest in the IMF’s history. Treasury Secretary Steven Mnuchin welcomed the deal, saying he supports Argentina’s vision for transforming its economy.