![]() The following is an edited transcript of their conversation. ![]() ![]() It’s like a ‘Groundhog Day’ type of thing.” “That story has just been repeating itself over and over and over again. “In the last few times that the fund has been involved in Argentina, it has always tried to push some of the reform agenda Argentina needs, but that has always failed,” Monica de Bolle, a senior fellow at the Peterson Institute for International Economics, said during an interview with Marketplace’s Sabri Ben-Achour. Despite doling out billions of dollars, the international financier has never quite succeeded in turning the ship around, largely due to political pushback in Argentina against reforms and other conditions imposed as part of lending agreements. The International Monetary Fund has been the country’s financial lifeline for decades now through periods of economic growth and turmoil, but the relationship is - to put it mildly - complicated. How would you like to live in a country with annual inflation over 100% and interest rates near that number? In Argentina, that’s the daily reality as the country grapples with a spiraling economic crisis - inflation there is the third-highest in the world, behind only Venezuela and Lebanon.
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