Argentina and the IMF: Can This Marriage Be Saved?

[Rich One]

Argentina just announced it's issuing a $2 Billion USD bond at 6% annual interest to refinance 2026 debt maturities with monthly payments extending into 2027.

 

[MikeRoss]

CFK came out today to speak against Milei.

Milei’s adjustment is unsustainable, says former Argentine president - Prensa Latina

Buenos Aires, Sep 6 (Prensa Latina) President Javier Milei's fiscal adjustment is inconsistent and unsustainable because it is achieved through non-payment of debts and the withdrawal of the State from functions essential for the survival of Argentina, warned today former president Cristina...

www.plenglish.com

Not sure how Argentina is going to ever pay off all this debt. They will just keep having to roll it over.

 

[Uncle Wong]

But the GDP numbers don't look good. Saw this post this morning.

 

[GlasgowJohn]

But the GDP numbers don't look good. Saw this post this morning.

2024 was not a great year for Argentina in GDP terms
2025 was better - well better , if we can be define thatn by having recovered what we lost the previous year.

 

[Dirk Diggler]

2024 was not a great year for Argentina in GDP terms
2025 was better - well better , if we can be define thatn by having recovered what we lost the previous year.

But Argentina still looks like a train wreck. I don't understand how prices can be that high like I'm reading with such low salaries. It doesn't make sense to me.

 

[Betsy Ross]

But Argentina still looks like a train wreck. I don't understand how prices can be that high like I'm reading with such low salaries. It doesn't make sense to me.

Some things are very mismatched in prices and salaries.

 

[Avocado]

Some things are very mismatched in prices and salaries.

That is putting it mildly Betsy!