WebApr 14, 2024 · The impact has been particularly devastating on Argentina’s retirees, 85% of whom receive a state pension averaging 58,500 pesos a month, the equivalent of $265. … WebOct 18, 2002 · Argentina’s experience stands in contrast to South Korea’s, where a financial crisis in 1997-1998 forced the government to intervene to rescue failing banks and led to a rescheduling of its external debt. In South Korea, the public debt/GDP ratio rose sharply, from over 10% in 1997 to over 30% in 2000, but then declined (IMF 2002a, p. 18).
Brazil’s Lula Says IMF Is Choking Argentina’s Economy With Debt
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