Argentina’s National Pastime: Hating on the IMF

Most countries have a historic villain. For Cuba, it is Uncle Sam. For some in the Middle East, it is Israel. Here in Argentina, many direct their rage at the International Monetary Fund, The Wall Street Journal reported in a commentary. Hating on the multilateral lender, which steps in to bail out indebted governments, is something close to a national sport in this country of 44 million. Now, the IMF is back in the spotlight as Argentina’s new leftist government wants to renegotiate the terms of an outstanding IMF loan, which requires the repayment of $44 billion over the next four years. If the IMF won’t play ball, says President Alberto Fernández, Argentina could choose to default—for the ninth time in its history. Read more