Ember4274@lemmy.worldtoWorld News@lemmy.world•China puts brake on US$6.5-billion currency swap amid Milei tensions | Buenos Aires TimesEnglish
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9 months agoBecause two governments ago the corrupt PRO party took 50 billion in loans from the IMF and many more billions from private lenders. They took the ratio of debt-to-GDP from 29.8% of the GDP to 68.1% of GDP. All while simultaneously killing the manufacturing industry and leaving the economy in recession. By the time their term was over and the new government took office (Dec 2019) COVID hit.
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