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IMF board approves Argentina payout of almost $800 mn • FRANCE 24 English

  • June 14, 2024



IMF board approves Argentina payout of almost $800 mn • FRANCE 24 English

after months of crippling inflation and die watering prices Argentina’s monthly inflation rate dropped to 4.2% for the first time in 2 and 1 half years though still incredibly High residents in Buenos series hope this is a sign that their economy is being put back on track there’s inflation before I paid an electricity bills $55 now I pay $ 277 but at least if you work you can pay it of course you can’t make enough money to be a millionaire but you can survive clearly pric has impact us and in recent months we have been suffering a strong price increase but the figure of 4.2% is very encouraging especially for what lies ahead but the country’s annual inflation rate remains firmly over 275% prompting the IMF board to disperse $800 million for Argentina’s economic recovery a payout which is part of an existing $44 billion economic aid program good news for Far Right president Javier mle who since his arrival in January vowed to stop Argentina’s economic decline the country’s Senate just passed his drastic Reform Bill which will see budget cuts privatization of state-owned firms and the weakening of Labor protections but the economic reform package is highly cont tested sparking protests in the capital earlier this week unfortunately the president is doing things wrong so I want everyone including the youth to realize that things are going badly that law must not pass though inflation may be stabilizing poverty in the South American country is on the rise 27 million people are living in poverty that is over half of the population and 10% more than in 2023 before Malay stepped into office

The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei. A self-declared “anarcho-capitalist,” Milei has vowed to halt Argentina’s economic decline and reduce the budget deficit to zero, and has embarking on a program to slash public spending and bring down inflation, which remains at an annual rate of more than 275 percent.
#Argentina #IMF #inflation

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25 comments

  2. Debt trap. 😏 They will ask Argentina to sell out public assets. The whole country would be in possession of outsiders. And everything is legal here.

  8. More debt? The well-peruked ill-minded clown, Milei, is applying feudal recipes again, but this time under the guise of mercantile 'anarchy'. He'll enrich the greed-stricken rich by muckraking the ever-dwarfing economy of the poor. As usual, the love for baroque images plus shortsightedness will destroy the wrecked Argentinians.

  10. Of course the inflation was reduced, Milei cut budget to the bones from Universities, Health, Transport, heat Pensions … Imagine work all your life for having your pension being cut

  11. Left wing guerrillas posing as liberal, what a joke. Once a crook, always a crook. Google the security ministers name "Patricia Bullrich Monteneros" They stole 60 million dollars in ransom money and now these left wing crooks are in power..Believe nothing of these crooks.

  21. How does that work? The country already owes billions to the IMF and is now borrowing $800 million more? And why would the IMF agree to it considering the country's terrible credit history?

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