A-level Paper 2, November 2020The National and Global Economy
A-level Paper 2, November 2020, Q3(a)
Explain the role of the IMF in providing financial assistance to countries such as Argentina.
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Context
In 2018, the International Monetary Fund (IMF) lent Argentina $57 billion as part of a bailout package to help prevent the country’s government defaulting on its debts. This financial crisis also caused significant capital flight out of Argentina’s economy.
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