Argentina’s former leftwing president Cristina Fernández de Kirchner; Lagarde IMF

 

Argentina’s former leftwing president Cristina Fernández de Kirchner had been barred from entering the US over her involvement in “significant corruption”. 

Kirchner said the Trump administration was motivated by its alliance with Argentina’s rightwing politicians, including Milei and former president Mauricio Macri, 

who the US president helped to secure a $57bn loan from the IMF in 2018.

Financial Times 21 March 2025

https://www.ft.com/content/5d082147-6961-43c8-9204-4194643d9c37

The country’s current debt pile to the IMF  a hangover from the $56 billion credit line — still the biggest in IMF history — handed to then-President Mauricio Macri in 2018 and 2019.

https://englundmacro.blogspot.com/2023/10/the-imfs-43-billion-argentina-problem.html

Members of the opposition fantasise about President Mauricio Macri fleeing the presidential palace in a helicopter

— just as the president did last time an IMF programme failed in Argentina before its 2001 crisis.

FT 31 August 2018

https://www.nejtillemu.com/argentina.htm

Since 1991, the peso has been fixed to the dollar at a one-to-one rate under a currency board system.
1 Peso = 1 Dollar

Argentina, IMF och Lagarde

IMF’s record-breaking rescue package for Argentina, with which its outgoing director Christine Lagarde was closely associated.

The fund has an unhappy history with Argentina, having agreed more than 20 programmes, most of which ended in failure. 

https://englundmacro.blogspot.com/2024/12/argentina-imf-och-lagarde.html