Argentina: how IMF’s biggest ever bailout crumbled under Macri
Financial Times | Mon, Sep 2, 2019
by Michael Stott and Benedict Mander
The decision to seek what became the biggest bailout in the IMF’s history took only a few minutes.
A loss of faith in Argentina’s reform programme had been visibly demonstrated by a two-week run on the peso in spring last year. President Mauricio Macri had few options left. A long-mooted contingency plan went into action.