Latin American and Caribbean economies need help, but organizations like the IDB are also stretched thin.
There is nothing inevitable about Argentina’s looming default, writes a longtime emerging-markets economist.
Last Friday, the International Monetary Fund (IMF) Board of Governors voted to censure Argentina for failing to revise its widely-disputed inflation data. Censure by the IMF is historic for a G20 member—having never occurred previously—and will likely harm Argentina’s already-limited access to foreign capital. If Argentina does not provide new inflation data and implement “remedial … Read more