Argentina's debt to the IMF grows 36% in a year under Milei and exceeds US$57 billion

[Edgardo]

WTF. I thought the IMF debt was being paid down but this says IMF debt actually went up with Milei. Sweet Jesus!

Deuda de Argentina con el FMI crece 36% en un año y supera los US$57.000 millones

El país acumula un endeudamiento de 41.789 millones de DEG, equivalente a unos 57.250 millones de dólares, y mantiene su lugar como el principal deudor del organismo multilateral. El gobierno de Javier Milei incumplió las metas de reservas netas y enfrenta vencimientos por más de US$3.600...

www.cnnchile.com

 

[CraigM]

WTF. I thought the IMF debt was being paid down but this says IMF debt actually went up with Milei. Sweet Jesus!

Deuda de Argentina con el FMI crece 36% en un año y supera los US$57.000 millones

El país acumula un endeudamiento de 41.789 millones de DEG, equivalente a unos 57.250 millones de dólares, y mantiene su lugar como el principal deudor del organismo multilateral. El gobierno de Javier Milei incumplió las metas de reservas netas y enfrenta vencimientos por más de US$3.600...

www.cnnchile.com

I mean no disrespect but it's been in the news for ages. Argentina borrowed another $20B from the IMF last year, roughly half upfront and the rest over 4 years. Argentina has a serious liquidity problem (i.e. debts coming due) and whether you like Milei or not, it has nothing to do with his administration. He eliminated the deficit to stop the problem from getting worse but it does nothing to solve the debts of past administrations, which are coming due and they are huge.