The International Monetary Fund's decision to grant Argentina a $20bn bailout has raised eyebrows, particularly given Argentina's history of defaulting and the current leadership of Javier Milei, who has ties to Donald Trump. The bailout has sparked debate over the IMF's independence and motivations, especially as it represents a significant financial commitment to a country with an authoritarian government. With Milei's drastic economic measures potentially leading to instability, concerns linger about the implications for both Argentina's future and the integrity of the IMF.
"The IMF has long been intellectually compromised promoting stability while enforcing neoliberal orthodoxy. Under Mr Trump, it is ethically compromised too..."
"Milei's bailout marks the second Trump-era rescue for Argentina. The fund's independence was always fragile... It's now completely subordinated."
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