On the Ecuador-China Debt Deal: Q&A with Augusto de la Torre
Augusto de la Torre analyzes the Ecuador-China agreement to restructure $4.4 billion of Ecuador’s debt with Chinese banks.
Analysis
Argentina’s Ruling Coalition Hopes to Avoid ‘Death by IMF’
In most of the world, the International Monetary Fund is just a multilateral financial institution. In Argentina, in contrast, the fund is a fundamental and highly controversial part of economic and political life. As if to highlight that, the country’s ruling Peronist coalition is currently unraveling from internal divisions following a recent agreement between the government and the IMF, approved only weeks ago.
Will Argentina Be Able to Reach a Deal With its Creditors?
What are the major sticking points keeping Argentina and its international creditors from reaching a deal, and what needs to happen for the country to avoid a default on May 22?