Critics of the IMF program in Argenina argued that:
A)the culture of corruption was too deeply rooted in Argentina to change
B)foreign investors would not return to Argenina simply because of the IMF program
C)the global economic slowdown limited the impact of the IMF programs
D)Argentina's politics would were too nationalistic and would not allow a foreign institution to interfere in the country
E)the austerity program would only make the crisis worse

Question

Quizplus · Accepted Answer

Critics of the IMF program in Argentina argued that the austerity program would only worsen the crisis, as it would lead to cuts in government spending, increased unemployment, and reduced purchasing power. They believed that the program did not address the root causes of Argentina's economic problems, such as corruption and political instability, and that it would only benefit foreign creditors and multinational corporations.

Critics of the IMF Program in Argenina Argued That