Debt-for-climate swaps: climate justice in action?
With President Fernández rebuking Argentina's debt to the IMF, and calling for climate reparations, we put the solution under the microscope.
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Argentina is in a sticky situation with the IMF (International Money Fund) at the moment. In 2018, the country took a loan from the Fund. And it wasn’t just any loan, but – at a value of $57B – the highest loan given out in the IMF’s history.
The last administration failed to use this massive loan to stabilise Argentina’s economy. Current president Albe…