In pursuing a new loan from the International Monetary Fund, Argentinian President Javier Milei's government has made no secret of its self-interested political motivations. If the world's lender of last resort falls for the ploy, it could suffer a loss of credibility from which it might not recover.
worries that the Fund will damage its credibility by issuing another politically motivated loan to Argentina.
With a variety of larger forces driving profound changes, the outlook for the global economy was cloudy even before Donald Trump's return to the White House added to the uncertainty. But one thing is clear: the previous era of global interdependence based on efficiency and mutually beneficial arrangements is over.
considers the US administration's policy shake-up against the backdrop of larger global trends.