Argentina's Economic Collapse: A Result of Fiscal Indiscipline and Default.
Argentina's inflation crisis is the third-highest in the world, behind only Venezuela and Lebanon. The International Monetary Fund (IMF) has been the country's financial lifeline for decades, but the relationship is complicated due to political pushback in Argentina against reforms and other conditions imposed as part of lending agreements. The IMF has never quite succeeded in turning the country's economy around, largely due to Argentina's history of economic mismanagement. The country's problems are cumulative, with the government spending too much, a badly managed economy, and a lack of trust in policymakers. The IMF's role is to loan money to Argentina, but it has never been able to help policymakers solve the problems for good. The routes to a normal economy are difficult and involve a lot of political will, which is something that's evidently missing.