Argentina Cuts Child Poverty by 1.7 Million Amid Historic Austerity, Defying Expectations

https://lemmy.world/post/32172947

Argentina Cuts Child Poverty by 1.7 Million Amid Historic Austerity, Defying Expectations - Lemmy.World

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OP’s post history full of economic news about Argentina, but zero mention of the IMF loans they just gave them. You can only guess why?

imf.org/…/pr25101-argentina-imf-executive-board-a…

IMF Executive Board Approves 48-month US$20 billion Extended Arrangement for Argentina

The IMF Executive Board approved a 48-month Extended Fund Facility (EFF) arrangement for Argentina totaling US$20 billion (or 479 percent of quota), with an immediate disbursement of US$12 billion, and a first review planned for June 2025 with an associated disbursement of about US$2 billion. The program is expected to help catalyze additional official multilateral and bilateral support, and a timely re-access to international capital markets.

IMF

I see them posting room temperature IQ takes pretty often. Knowing nothing about them, I’ve gradually written a backstory, one comment at a time.

ShartDickPrime had a promising future at an Argentinian model glue factory, but early on developed a problem huffing his own product. Years of brain damage gradually transformed him into a slobbering wreck, able to do little more than regurgitate conservative talking points. This led first to his termination, then abandonment by his wife and child. Even his cat won’t speak with him.

ShartDick, now homeless, spends his days abducting housepets for ransom, eating those not recovered. Come nightfall, he slinks back to the dumpster behind his former employer and violently vacuums down the fumes contained therein. Chromed to the gills, he’ll spend his evening posting pro-Milei propaganda. Not only is he not compensated for his ardent, mindless online Milei support, his administration isn’t even aware he exists.

Thank you, I know now that I live rent free in your head and all but caring so much as to research me and make a nickname is another level of commitment

I didn’t knew you felt that way but I wouldn’t cyber with you, just being upfront

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