Exceptional Access Framework News Today

Saying that the Greek debt crisis is “primarily a European issue,” Treasury Secretary Steven Mnuchin encouraged International Monetary Fund Managing Director Christine Lagarde last week “to hold to its hard line on Greece, keeping it out of a third bailout for the foreseeable future.”

By Willem H. Buitter – By approving an unprecedentedly large loan to Argentina in mid-2018, despite the countrys failure to meet basic borrowing conditions, the International Monetary Fund committed a major blunder. Rather than compounding the mistake with another similar program, it should accept reality – and responsibility.

Ejinsight 20220218-An-Argentinian-haircut-for-the-IMF Hkej ejinsight.com

Washington, DC : The Executive Board of the International Monetary Fund (IMF) met today to discuss the Ex-Post Evaluation (EPE) of Argentina’s