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**searkibia** · 11-16-2005, 07:00 AM

Since PICHARDO brought up Argentina, lets take a quick look at what is going on right now between Argentina and the IMF. I will direct you to 2 articles from Reuters:

http://www.reuters.com/newsArticle.j...toryID=4533696

"Argentina made a $3.15 billion payment to the International Monetary Fund due on Tuesday, Argentine Central Bank and IMF sources said, averting a new debt default with the lender. "

Now for an article less than 24 hours later:

http://biz.yahoo.com/rb/040310/economy_argentina_8.html

"(IMF acting Managing Director Anne) Krueger said she plans to recommend that the fund's executive board issue $3.1 billion to Argentina under a $13.3 billion loan deal agreed in September."

It cannot possibly be any clearer than this. The IMF loans Argentina US$3Billion in order for Argentina to pay the IMF (et al) US$3Billion.

Porfio, congratulations on your Pyrrhic victory. Mr Texas Bill finally admits that the IMF has at least some responsibility.

11-16-2005, 07:00 AM	#1
searkibia Join Date Oct 2005 Posts 554 Senior Member	Since PICHARDO brought up Argentina, lets take a quick look at what is going on right now between Argentina and the IMF. I will direct you to 2 articles from Reuters: http://www.reuters.com/newsArticle.j...toryID=4533696 "Argentina made a $3.15 billion payment to the International Monetary Fund due on Tuesday, Argentine Central Bank and IMF sources said, averting a new debt default with the lender. " Now for an article less than 24 hours later: http://biz.yahoo.com/rb/040310/economy_argentina_8.html "(IMF acting Managing Director Anne) Krueger said she plans to recommend that the fund's executive board issue $3.1 billion to Argentina under a $13.3 billion loan deal agreed in September." It cannot possibly be any clearer than this. The IMF loans Argentina US$3Billion in order for Argentina to pay the IMF (et al) US$3Billion. Porfio, congratulations on your Pyrrhic victory. Mr Texas Bill finally admits that the IMF has at least some responsibility.
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