In Argentina, the IMF now has to deal with new President Alberto Fernandez. The lender needs a reboot across the region. Accepting political realities and updating failed prescriptions would be a good start, says Three_Guineas.
Alberto Fernandez took office as president of Argentina on Dec. 10. Martin Guzman, an Argentine economist and associate research scholar at Columbia Business School, will be his economy minister. Fernandez defeated outgoing President Mauricio Macri in elections in October.
Argentina currently has a $57 billion credit facility with the International Monetary Fund, which has currently disbursed around $45 billion. The IMF’s current managing director is Kristalina Georgieva. She was selected on Sept. 25 and assumed her position on Oct. 1, succeeding Christine Lagarde.
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