Economist Podcasts Cash and checks: Argentina’s next IMF loan
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Apr 16, 2025 
Kinley Salmon, a Latin America correspondent for The Economist, and Stanley Bignol, the Charlemagne columnist, dive into Argentina's latest $20 billion IMF loan. They discuss how this time might differ due to new fiscal reforms and political shifts. The conversation shifts to rising high-speed chases at the U.S.-Mexico border and the implications for public safety. Finally, they touch on Europe's growing preparedness culture, reflecting on how historical events shape today's crisis readiness strategies.
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Hope for Argentine IMF Deal
- Argentina's relationship with the IMF is suspicious due to 22 prior failed programs.
- But President Javier Mille's initial fiscal discipline and reform efforts offer hope for lasting change.
Argentina’s Bold Economic Reforms
- Argentina is moving to a more flexible floating exchange rate within bands.
- Lifting capital controls should encourage investment but carries risks of capital flight and currency pressure.
Mitigating Global Trade Risks
- Argentina needs to be cautious of global trade shocks harming exports like oil and agricultural products.
- The country should aim to build foreign reserves to weather volatile commodity prices and attract wary investors.