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Sunday, May 5, 2024

still bound in a love-hate relationship

Leftist groups in Buenos Aires protested on December 11, 2021 against an attempt by the Argentine government to refinance $44 billion in debt with the IMF

WASHINGTON: Argentina has long had a stormy relationship with the International Monetary Fund, which many in the country see unfavorably even though it has provided a credit lifeline after decades of what experts call “very poor management of public finances.”

Twenty years after an economic, political and social crisis that shook the country — and was felt around the world — Argentina is now traversing a tense financial patch, having never fully regained the confidence of world markets.

With four in 10 Argentines still living in poverty, the country is anxious to avoid a replay of the 2001 debacle.

Argentina finds itself struggling to refinance its…

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