Tag Archives: International Monetary Fund

Argentina Receives $12.5 Billion IMF Loan

Back in 2001 economic problems in Argentina forced President Fernando de la Rua to flee his presidential palace in helicopter after resigning halfway through his term. Shortly afterward, Argentina set the dubious mark of the largest default on foreign debt … Continue reading

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Ethiopia and the International Monetary Fund at Loggerheads Over Privatization

Ethiopian officials complained in September about International Monetary Fund requirements that it privatize several industries in order to receive further IMF aid. Ethiopia formally rejected IMF requirements that it privatize state-run telecommunications, power and water utilities. The IMF agreed on … Continue reading

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