The disastrous Argentine legacy of ex-IMF boss Christine Lagarde


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It is an increasingly embarrassing dossier that Christine Lagarde would doubtless rather forget. In July 2018, as managing director of the International Monetary Fund (IMF), Lagarde, who had been France's finance minister under Nicolas Sarkozy and who is now at the helm of the European Central Bank (ECB), approved a loan that would eventually total 56 billion dollars to Argentina. It was the biggest loan ever granted by the international financial institution.