Browsing: bailout

Argentina’s recent bailout, orchestrated with the help of the IMF, highlights the significant role that political connections play in shaping economic choices. With Trump’s allies applying pressure, the burden of compliance could weigh heavily on everyday Argentinians, sparking crucial discussions about accountability and national sovereignty.

In a significant economic shift, President Javier Milei has announced the end of Argentina’s strict currency controls, known as the “cepo,” following the IMF board’s approval of a US$20-billion bailout. This move aims to restore market confidence amid ongoing financial turmoil.