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M.PRESS/ Economy Minister Amado Boudou (pictured) declared that he is barring the IMF from doing its annual “Article IV” revision for Argentina since 2006.
Boudou believes the IMF caused the country's worst-ever economic crisis in 2001-02. "Argentina had a very bad time when the Fund was involved in its policies,” he stated. “We don't need them to lend us money. We don't accept the conditions” the IMF would impose under a loan agreement.
A new review is key to the repayment of $7 billion usd in defaulted debt Argentina owes to the Paris Club of creditor nations.
