On Friday, @IMFNews's executive board approved the 4th review of #Argentina’s program, and disbursed an additional $5.4 billion. Buenos Aires has now borrowed $44.1 billion of the $56 billion available under the bailout. https://www.imf.org/en/News/Articles/2019/07/12/pr19268-argentina-imf-executive-board-completes-fourth-review-under-sba-approves-disbursement#.XSnqUTSFbMg.twitter … 1/
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In a statement,
@IMFNews's acting managing director, David Lipton, said#Argentina's reforms "are starting to bear fruit." Though inflation remains high, it is decelerating, he said, and "the economy is beginning a gradual recovery." 2/1 reply 0 retweets 3 likesShow this thread -
To show continuity following
@Lagarde's departure, Lipton emphasized that#Argentina, notwithstanding@IMFNews-imposed budget cuts, is "protecting social programs" that help "shield the most vulnerable from the effects of the recession." 3/1 reply 0 retweets 2 likesShow this thread -
Notably, now that
#Argentina's finances have stabilized (for the moment, at least),@IMFNews is focusing on structural reforms, praising the EU-Mercosur deal and calling for changes to the tax code and increased domestic competition. 4/1 reply 0 retweets 2 likesShow this thread -
For more on the potential upside of
#Argentina's market liberalization, listen to our interview with@CARIconsejo's@frandesanti on the#ArgentinaProjectPodcast, https://soundcloud.com/the-wilson-center/43-cracking-open-argentinas-market?in=the-wilson-center/sets/argentina-project …. 5/1 reply 0 retweets 4 likesShow this thread
For more @TheWilsonCenter coverage of the historic EU-Mercosur trade agreement, stay tuned for our interviews with @ShunkoRojas and @HoracioReyser in @LATAMProg's newsletter, the #WeeklyAsado. Subscribe here, https://engage.wilsoncenter.org/onlineactions/YQcpNdU-sU-dusDkAOYDtw2 …. 6/
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