IMF Approves New Funds for Milei’s Argentina, Praises Ambitious Plans, Recognizes ‘Difficult Inheritance’ From Peronist Socialists
During the Presidential Elections campaign in Argentina, it was enraging to see the no-nonsense mainstream economic theories of the economist Javier Milei treated like ‘radical and dangerous ideas’, while the socialist-Peronists, whose idiotic policies put 40% of the country below the poverty line treated like ‘the sensible choice’.
So while I may not be the greatest fan of the International Monetary Fund (IMF), it is a welcome development that they openly and unambiguously support the heroic struggle by Milei to rebuild the destroyed Argentine economy.
The IMF has just approved the most recent review of its $44 billion program with Argentina – allowing for a new payment of $4.7 billion.
The fund explained that,
