“The revived centrality of the G20” By Suman Bery and Sybrand Brekelmans, courtesy of the Bruegel Institute A series of summits of governments and international financial institutions took place in April. Much was expected of these. They were seen as the opportunity for global financial leaders to provide authoritative guidance on the global response […]
Tag: IMF
IMF should double funds to $2T, offer debt moratorium for COVID-19 crisis response
“COVID19: Increase in IMF resources and debt moratorium urgently needed” By Cristoph Trebesch and Rolf J. Langhammer, courtesy of IfW Kiel Never in its 75-year history has the IMF been more important for global financial and economic stability than now in the corona pandemic. Already 90 countries have applied for credit assistance in […]
With radical change, Argentina can turn this crisis to its advantage
“Taking Advantage of the Crisis: Three Steps for the Revolution Argentina Needs” By Federico Fernández, courtesy of Fundacion BASES Let’s be clear, the Argentine economy was already tumbling before we even suspected that a delicious bat soup would quarantine a third of Humanity. But there is also no doubt that the economic situation as […]
Argentina’s bankruptcy assured, could default to IMF
“Argentina – ninth national bankruptcy is imminent” By Angelica Dominguez-Cardoza and Cristoph Trebesch, courtesy of IfW Kiel As Argentina’s elections were set to begin Sunday, the state is headed for yet another bankruptcy. The government has borrowed nearly $45 billion overseas in just two years. The country’s debt ratio has nearly doubled since 2015 to […]
Argentina needs major structural reform to prosper
Courtesy of Libertad y Progreso, via Xinhua Argentina needs to carry out a series of structural reforms, including in labor and tax matters, to return to the path of economic growth, according to an Argentine economist interviewed on Wednesday. Natalia Motyl, an analyst […]
Argentina can’t shake decades of misgovernment
The election of Mauricio Macri as Argentine president in 2015 was widely viewed as an encouraging development for Argentina and South America generally, as he promised to restore fiscal responsibility, rein in government spending and revive the country’s economic fortunes. But Macri’s administration has encountered […]