Argentina’s Economic Challenges

Argentina has, in the last 120 years, fallen from one of the richest countries in the world to one that has seen numerous episodes when national income cratered, multiple debt defaults (forcing it to turn repeatedly to the IMF for bailouts), and hyperinflation. What have been the sources of these crises? Are the radical plans of the country’s new president, Javier Milei, likely to turn the corner on the past? Alejandro Werner joins EconoFact Senior Advisor Charles Collyns to discuss the history of Argentina’s economy, the problems it currently faces, and its prospects for recovery. Currently Director of the Georgetown Americas Institute, Alejandro served as a senior official in the Mexican Finance Ministry, and subsequently as Director of the IMF’s Western Hemisphere Department.