There seems to be a pattern … 🤔
nostr:note1xhqkwwnk3dz4vg6s4ek4e4sv53nnjnwshx42hq3wxnw5h2yy9v6snkwp62
There seems to be a pattern … 🤔
nostr:note1xhqkwwnk3dz4vg6s4ek4e4sv53nnjnwshx42hq3wxnw5h2yy9v6snkwp62
They don’t make them anymore as they used to
It seems you are not aware of the dire situation of the Argentinian finances Milei inherited. Defusing such ticking bomb without a default is not an easy feat. The IMF is used to countries that waste the loans and fall deeper into their net. Milei is using surplus after surplus to avoid that. So far has managerd to avoid hyperinflation, reverse economic downtrend into growth and remove the "cepo" (internal exchange controls with the USD).
Next step is closing the Central Bank.
From now on, USDs may flow in and the treasury might be able to sell bonds in the regular markets. The exposure to IMF loans should reduce or disappear over the years, if peronists don't return to office. If Milei keeps going to the IMF without a good reason, then you might have a reason to criticize. It is not the case for now.
Ah yes, the temporary IMF loan. No adjustments required.