Argentina: Economic Recovery - Growing Pains
Argentina has repaid its entire debt to the International Monetary Fund in a grand gesture that weakens international inﬂuence over policy. But as President Nestor Kirchner cements his control, he still needs to deal with investment problems, poverty, and spiralling inﬂation. Since the devastating economic crisis in 2001-2002 the country has experienced a remarkable economic resurgence. But this is not all the result of sound economic policy. Signiﬁcant sections of the population are yet to beneﬁt. Strong growth has confounded critics who predicted hard times, but there are growing concerns over just how robust the economy really is.