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Argentina’s Dollar Loan Gambit | Argentina News
Argentina’s economy is in deep trouble three years into Javier Milei’s presidency, with job losses accelerating and unemployment now Argentina’s second-biggest worry after corruption. Facing a stubbornly weak demand and falling formal employment, the government has abandoned its reluctance to print money and instead rolled out a bold new policy: letting companies borrow in U.S. dollars—even if they don’t export. This move, reminiscent of the disastrous 2001-02 crisis, aims to revive construction and manufacturing, sectors that have shrunk by 20% and 7% respectively since Milei took office…
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