Argentine official blasts IMF over economic guidance
Deputy Economy Minister Jorge Todesca criticized the IMF's monitoring amid Argentina's 4 year recession and 20 percent unemployment. He demanded less external commentary as the government works on a plan to stabilize the economy and bolster exports after the peso was floated. IMF Deputy Managing Director Anne Krueger noted an IMF delegation would visit next week for information and technical help.
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Argentina Economy in Crisis as Banking Freeze Deepens
Argentina faces a fourth year recession with a sweeping bank account freeze and currency collapse. Protests erupt as savings are moved to fixed deposits, insulin shortages worry diabetics, and impounded goods are diverted to aid the hungry. Rio de la Plata mood dampens tourism and business. unemployment runs high amid rioting and store looting.
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