Right on time. Enjoy the austerity. Sell off all those remaining commons to VC investors and retire in Florida. Real man of the people
Milei also talked about starting a dollarization process with the money provided by the IMF debt. However, the IMF itself has told the government, in private, that it does not want to endorse a dollarization of the Argentinian economy.
They’ll need like atleast $20-30b just to replace Pesos in circulation not to mention for import/exports.
of a credit pool totaling $15 billion to accelerate the process of elimination of exchange controls and currency competition.
Looks like they want the loan so the rich can finance their capital flight.
He also claimed that the country is “going through the hardest month” and warned that this situation will extend “to the first days of April.”
Yea just like Elon’s covid prediction
IMF Borrowing Plan
Never turned out badly for a country before…
Rise up Argentinian proletariat!
Removed by mod
RIP
Did he talk to any other countries about how their loans have worked out?
Or is this why he was running. Economic assassin style
By the time he’s done, any semblance of Argentinian sovereignty will be handed over to western financiers.
Oh, no. Argentinians will own even less of their own country with this. Both financially and in public policy. Too bad.
