Even before the end of the previous Argentina agreement with the International Monetary Fund in December, President Javier Millie began following a new rescue package.
Last month, Millie traveled to Mar Lago to meet Donald Trump, in the hope that the American president will help him secure new money. A week later, the CEO of the International Monetary Fund Greenlit is a loan of $ 20 billion.
On the same day, the Miley of the nation addressed the TV: “Today, we break the cycle of disappointment and disappointment and start moving forward for the first time.”
Since the first rescue package in 1958, Argentina has obtained more programs for the International Monetary Fund than any other country: he recorded 23 transactions of $ 177 billion of loans. However, due to the conditions of loans themselves, uneven policies, chronic inflationary pressures, and the lack of meaningful structural reforms, they have not done much to increase the economy.
This time, things may be different. Last year, Milli measures last year led to a rare financial surplus, reduced inflation, and enhances growth and employment. The new loan may help Argentina to increase its economy.
Then there is Trump.
“Juan Pablo Ferrero was a great lecturer in the Department of Politics, Languages and International Studies at Bath University in the United Kingdom:” He was a strong supporter of Trump even before the presidential election.
“The deal with the International Monetary Fund and a modern statement from the United States government that the treasury can give a loan in the event of an external shock showing an unusual level of support for Milli.”.
All of the above, says Ferrero, allowed Miley to raise some capital controls and provide a sense of stability to the economy.
However, the story of the presidents varies when it comes to tariffs. While Trump raised her, Libertari Millie retracted them, ignited an unprecedented import boom and attracted investments. However, the bizo may enhance, making Argentina very expensive and hitting the middle layer is the most difficult, as Ferrero adds.
“The mid -term elections are approaching later this year,” he noticed. “Miley hopes that the magic of the secret natural nature will do his work and persuade the voters.”
