Macroeconomy/Finance

How Long Before Argentina Goes Bankrupt?

Argentina has only $10 billion in foreign currency reserves, and owes around $22 billion to the IMF in two years, then another $20 billion in three years of the IMF’s $56 billion biggest aid package ever. How Argentina pays this back under a government that was elected to give back to the public all the subsidies that Macri took away is very hard to imagine.

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Source: Forbes

Categories: Macroeconomy/Finance