Using data from the International Monetary Fund on Total IMF Credit Outstanding, the 10 countries most in debt to the IMF are listed here, with Argentina and Egypt topping the list. The International Monetary Fund (IMF), which was founded in 1944, offers financial assistance and policy recommendations to nations to
Argentina’s YPF Luz collaborates with Genesis Digital Assets to mine Bitcoin using natural gas from oil fields, turning stranded energy into a resource. Bitcoin is becoming more and more popular in Argentina’s energy sector. This is the case with a state-owned facility that uses natural gas that has been stranded
In a post on X, Argentina’s Defense Minister, Luis Petri stated that Argentina wants to join NATO and has submitted a letter of intent, aligning with President Milei’s foreign policy goal of forging stronger ties with Western nations. Argentina has submitted a letter of intent to join the North Atlantic
The US Order is built on the ashes of genocide that happened during the junta in Argentina, with US Secretary of State Henry Kissinger being an avid supporter of the regime. New information on the long-term consequences of Henry Kissinger’s influence on US foreign policy is emerging as the nation’s
Argentina has fallen into the IMF’s debt trap, rejecting sovereignty. At the moment, Argentina uses nearly all of its foreign exchange profits to settle its external debt. Argentina gets into IMF’s debt pit In Argentina, ultra-liberal economist Javier Milei became victorious in the run-off for president. With 55.8% of the
Argentina’s top presidential contender, Javier Milei, known as an anarcho-capitalist, created turmoil in local financial markets and caused currency devaluation after his surprising victory in the Sunday primary. Adding to the astonishment, he declared his intention on Wednesday to shut down the country’s central bank. Despite this, he emphasized his
According to the Buenos Aires-based consulting firm 1816 Economia & Estrategia, Argentina is on the brink of financial collapse as it has depleted all of its liquid international reserves and has reportedly spent an additional estimated $1 billion. Argentina’s fight to prevent its problematic currency from a total meltdown is
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration’s reliance on money printing to pay off the nation’s escalating fiscal debt.
Working a regular job is out of the question for the 1.2 million participants of the social program Empower Work. Let’s take a look at what led to Argentina’s government collapse, as people just refused to work.