Argentina and the International Monetary Fund share a rocky history spanning seven decades - and it looks as if things could get worse. Just five years ago, Argentina became the Washington-based global lender's biggest single debtor, receiving a $57 billion bailout to help then-President Mauricio Macri's market-friendly government steer out of an economic crisis marked by high inflation and a gaping budget deficit. Fast forward and Argentina is about to enter a recession, with inflation running at more than 100% and its dollar reserves deep in the red.