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.

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