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107

Javier Milei deepens Argentina's IMF debt trap with 'emergency' loan (geopoliticaleconomy.substack.com)

submitted 2 days ago by badwetter@kbin.melroy.org to c/worldnews@lemmy.ml

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Argentina's US-backed libertarian President Javier Milei is using an emergency decree to take a huge loan from the IMF, deepening the debt trap that has devastated his country, fueling high inflation.

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[–] brunacho@scribe.disroot.org 10 points 2 days ago

gotta get some liquidity to keep the base happy for the midterms.