Buenos Aires, 23rd of December 2021 On June 20, 2018, when the International Monetary Fund (IMF) approved the largest loan in its history: $50 billion to the Argentine Republic, this South American country was governed by the right-wing Mauricio Macri (2015-2019), while the IMF was led by Christine Lagarde (2011-2019), today president of the European Central Bank. It was already ...
During the COVID-19 crisis, many countries in the world launched stimulus measures to stop the deterioration of their productive and financial sectors. Rich nations, based on a growing indebtedness, have carried out unprecedented fiscal interventions to prevent economic collapse. How will that be paid for once the global recovery begins? The Global South has not had the same opportunity. Debt, ...