Argentina: how IMF’s biggest ever bailout crumbled under Macri

Financial Times  | Mon, Sep 2, 2019

by Michael Stott and Benedict Mander

Body

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.

To continue reading at Financial Times , click here.