The IMF should have conbtributed to Bush's campaign
The IMF and Argentina
Friday, March 12, 2004; Page A22
UNTIL TUESDAY morning, the International Monetary Fund seemed set to suffer its biggest default ever. Argentina's bankrupt government was threatening to withhold payment of $3.1 billion, a snub which, had it been sustained, would have torn a large hole in the IMF's balance sheet. At the eleventh hour, the Argentines relented. The worry is that the IMF, to save its skin, is abdicating the role it ought to play in sorting out Argentina's mess -- and that the Bush administration is encouraging this abdication.
Posted by Prometheus 6 on March 12, 2004 - 6:22am :: News
