IMF finds Argentina bailout ‘did not deliver on its objectives’
Largest-ever IMF loan was ineffective and “not sufficiently robust”
The executive board of the International Monetary Fund concluded on December 22 that its $57 billion Argentina bailout was a failure.
The fund’s highest body found that the loan “did not fulfil the objectives of restoring confidence in fiscal and external viability while fostering economic growth”.
In what it calls an “ex-post evaluation”, the fund’s executive board determined that the programme had chosen correct goals and followed fund procedures. However, the directors also said that the
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