Right on time. Enjoy the austerity. Sell off all those remaining commons to VC investors and retire in Florida. Real man of the people
IMF Borrowing Plan
Never turned out badly for a country before...
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
Oh, no. Argentinians will own even less of their own country with this. Both financially and in public policy. Too bad.
