Reasonable argument, but I disagree. As I have said, #Argentina's holdout bondholders were seen as even more villainous than the #IMF, and @mauriciomacri survived the 2016 settlement politically unscathed.
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Meanwhile,
@Lagarde clearly admires@mauriciomacri's reform agenda, and is eager to repair the#IMF's image in#Argentina. And though the Trump White House might question a bailout, it too supports the Casa Rosada and would likely support an@IMFNews line of credit.Show this thread -
That said,
@mauriciomacri will have to emphasize the light conditionality on any#IMF program. The latest@UADEoficial/@VoicesResearch survey found that 47% of Argentines had a negative view of the Fondo Monetario Internacional.@IMFNews @MinHaciendaAr @MinFinanzasShow this thread
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Thanks for sharing! The political cost will depend on the conditions attached to the credit line, I think. Lagarde is supportive but technical staff might not be.
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