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Argentina's Deal with the IMF: Will "Expansionary Austerity" Work?

by Lara Merling; Mark Weisbrot

Dec 18, 2018

Since July of 2018, the International Monetary Fund (IMF) has disbursed more than $20 billion of a $56.3 billion loan package to Argentina. The Argentine government is now the largest holder of the IMF's General Resources Account (GRA) funds. This paper looks at how the policies that the Fund and the Argentine government have agreed upon in their June Stand-By Arrangement (SBA) are expected to lead to an economic recovery; and whether they are likely to succeed.