More on Argentina and the IMF
part of President Néstor Kirchner's statement regarding Argentina's pending repayment of its IMF loan (see previous post)...
Kirchner has consistently claimed that it was partly due to Argentina's rigid adherence to IMF guidelines that led to the 2001 financial and economic collapse... Submit To Propeller
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"The government has taken the institutional decision to make use of the Central Bank’s liquid reserves to pay off the debt to the IMF. Before the end of the year Argentina will make a single payment of US$9.81 billion, bringing forward payments due in the next three years and saving close to US$1 billion in interest payments," said Kirchner. That figure was corrected to US$842 million by Economy Minister Felisa Miceli at a subsequent press conference. In a speech that repeatedly attacked the multilateral lender, Kirchner said the IMF "backed failed political regimes and monetary systems," and called for extensive reforms of the way the IMF operates.
Kirchner has consistently claimed that it was partly due to Argentina's rigid adherence to IMF guidelines that led to the 2001 financial and economic collapse... Submit To Propeller
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posted by profmarcus at
12/16/2005
