Argentina must repudiate its debt

The IMF violated two of its own rules in loaning the ~35-40 billion USD to the Macri government.

1. It facilitated capital flight, which IMF's own rules very definitely do not allow.
2. It loaned a much greater percentage of its outstanding debt to one country than allowed.

It would, from a certain point of view, be good for IMF to incur a major loss as a result of those rule violations.

Whether or not it would be good for Argentina, well, that's another question.

The IMF supposedly violated these rules in response to strong pressure from the Trump administration, but "supposedly" is the operative word here. With Trump returning to office in January, (barring another fraudulent election), it would pose an interesting situation, no doubt.
 
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