I can tell that you and most of the commenters (or Jeff, it seems) haven't actually read anything about the IMF deal or what led up to the three week old story Jeff mentioned today.
Basically, "key program targets were missed by large margins due to severe policy setbacks of the previous government."
I can tell that you and most of the commenters (or Jeff, it seems) haven't actually read anything about the IMF deal or what led up to the three week old story Jeff mentioned today.
Basically, "key program targets were missed by large margins due to severe policy setbacks of the previous government."
The referenced program was a $44 million loan. The $4.7b is the potential available to Argentina based on what the IMF already sees from the new administration.
They don't have to take anything. They are still on the hook for the $44m.
I can tell that you and most of the commenters (or Jeff, it seems) haven't actually read anything about the IMF deal or what led up to the three week old story Jeff mentioned today.
Basically, "key program targets were missed by large margins due to severe policy setbacks of the previous government."
The referenced program was a $44 million loan. The $4.7b is the potential available to Argentina based on what the IMF already sees from the new administration.
They don't have to take anything. They are still on the hook for the $44m.