Source Pravda.Ru

IMF refuses to help Argentina pay 132 bn USD debt

Argentina was expecting to receive 1.3 billion USD to help the state meet its immediate expenses but after an unfavourable report submitted by Thomas Reichmann, it was decided that now is not “the right moment” to lend any more money.

The IMF has not managed to help Argentina through its current crisis – it has a 132 billion dollar debt to foreign banks and is in its third successive year of recession. The government this week imposed a restriction on movement of capitals abroad, limiting the sum to 1,000 USD per person.

Marcia MIRANDA PRAVDA.Ru

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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