3min chapter

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Bonus | Nothing is Foreign: How Argentina deals with crushing 104% inflation

Front Burner

CHAPTER

The Controversy of the IMF Deal in Argentina

Argentina has borrowed a lot of money from the IMF to help address some of these issues like this loan that you mentioned in 2018, $57 billion which was renegotiated to $44 billion in 2022. There is a school of thought here that says that Argentina is actually better off defaulting than paying these enormous sums of money when there's people that don't have enough food to put on the table. The government is renegotiating the agreement and they know they won't be able to pay it. And in two years we will have the same problem.

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