You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Argentina To Clear $10 Billion Debt With IMF

HeadlineDec 16, 2005

In other news from Latin America, Argentine President Néstor Kirchner has announced the country will pay off the entirety of its nearly $10 billion dollar debt to the International Monetary Fund. The Financial Times notes the payment promises an end to one of the most bitter and controversial relationships entered into by the IMF. Argentina borrowed over $13 billion dollars following a devastating economic collapse in December 2001 — a collapse many Argentines blamed on economic policies pushed by the IMF. On Thursday, Kirchner said the IMF had “acted towards our country as a promoter and a vehicle of policies that caused poverty and pain among the Argentine people.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top