1. A Reflection on Argentina
... history, a proposed devaluation of the currency that for 10 years has been Latin America's strongest was given an approval by the Argentine Congress allowing the government to sharply devalue the currency in the midst of a deepening economic crisis due to the default on its $142 billion national debt which ended the country's 11 years old peg of the peso to the US ... , 2001, 89), the US being the prime shareholder in IMF. The stringent conditions imposed by the US- backed IMF on Argentina in order to qualify for such an aid from international financial institutions so that it can start ...
- Word Count: 506
- Approx Pages: 2
- Has Bibliography
- Grade Level: Graduate