Because two governments ago the corrupt PRO party took 50 billion in loans from the IMF and many more billions from private lenders. They took the ratio of debt-to-GDP from 29.8% of the GDP to 68.1% of GDP. All while simultaneously killing the manufacturing industry and leaving the economy in recession. By the time their term was over and the new government took office (Dec 2019) COVID hit.
4 Comments
demonsword@lemmy.world · 3 pts · 2y
it reeks with hypocrisy when you "won't negotiate with communists" then turn around and asks them for money
Tja@programming.dev · 2 pts · 2y
... with poor communists...
Shardikprime@lemmy.world · 0 pts · 2y
Why is Argentina so depending on Chinese swap money?
Ember4274@lemmy.world · 1 pts · 2y
Because two governments ago the corrupt PRO party took 50 billion in loans from the IMF and many more billions from private lenders. They took the ratio of debt-to-GDP from 29.8% of the GDP to 68.1% of GDP. All while simultaneously killing the manufacturing industry and leaving the economy in recession. By the time their term was over and the new government took office (Dec 2019) COVID hit.