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Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve - Foreign Affairs (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsArgentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve (5741 Views)

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Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by ariesbull: 7:13am On Apr 03, 2025
Argentina is a poorly managed white nation in South America ...una wey dey Japa craze no go Argentina...Pesos is useless


Just like many eastern Europe nations....that are useless
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by id4sho(m): 7:13am On Apr 03, 2025
shocked shocked
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Misterone: 7:15am On Apr 03, 2025
rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ
Read what you wrote and explain it to yourself again! It's like you really lack understanding. Did Nigerian government borrow to defend the naira? No. That's what would've happened if subsidy had not been removed.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Basic123: 7:15am On Apr 03, 2025
LegendHero:
You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self.
Those Obidients pretend as if they never hear when their messiah Peter OBI said he would devalue naira and start borrowing to defend it.

That statement of Peter obi is not well talked about. The media dominated be Obidients systematically killed it from being escalated
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by blamingthedevil: 7:16am On Apr 03, 2025
Lamba Obi Argentina
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by frankmoney(m): 7:16am On Apr 03, 2025
Agbado people would want to use thos justify Nigeria loans
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Ringstonermasks: 7:17am On Apr 03, 2025
Tinubu don go bring Argentina news take deceive ona
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Basic123: 7:18am On Apr 03, 2025
rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ
Is rewane CBN governor?
Should we believe this one below too?
Since you believe anything that come from anybody mouth

Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by patrickcollins: 7:18am On Apr 03, 2025
rinzaugustine:
They will use it wisely unlike twin disasters of poo- hari and mandate thief that wasted billions of dollars on owambe and now the country is indebted for more than 180 trillion naira of foreign debt.. meaning that every Yoruba today born and unborn are shackled in bondage chains of foreign debt for money used for something they don’t know
Lies there is something synonymous between African countries and South American countries. How can you be close to developed countries yet struggling may be Europe is better in spreading progress amongst member states
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Basic123:
Putindbutt:
See this ignoramus ipob, the more they debunk your stupid lies and gossip tales with superior facts, the more you go back to cooking more senseless conspiracy theories that has no verifiable trace. When will you ipob losers understand that lies and propaganda will never win you an election. We have witnessed your Agulu fraud apologize for lying and misrepresenting facts several times, even deleting his tweets when being bursted. If your leader can lie shamelessly, how much more a bunch of empty headed supporters calling themselves headless mob.
Look at at how your changing the goalpost and rambling like a goat. So, if Nigeria has $30b net reserves, they should use it to build roads or railways or to pay salaries?, is that the purpose of a reserve?, Why are you bitter people so dumb?. USA has the highest reserves yet they are the most indebted country in the world, why can't you say they should use their reserves rather than borrow?. If Argentina secured this new tranches of loan, they will then overtake the US as the most indebted country in the world. This is the same Millei that Atiku and ignorant Obidients were once hailing but they don't know that he has plunged Argentina deeper into a hole than he met it despite cutting down costs and laying off lots of employees, thereby increasing the rate of unemployment. Imagine Tinubu trying to reduce cost by laying off workers in MDAs, it is you losers that will start wailing that Tinubu is taking jobs away from Nigerians making them jobless.
Yeah

It's true ooo.


Atiku and Obidients were hailing this guy for reducing inflation within 1mth of taking over power.
So ,na Peter obi policy of devaluing and borrowing to defend it he dey do too.

Populist policy
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Daddyk87(m): 7:24am On Apr 03, 2025
LegendHero:
You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self. Subsidy removal was the best thing this government has done.
Save Nigeria from collapsing.
Thank you president Tinubu
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by CodeTemplarr: 7:31am On Apr 03, 2025
Every nation is suppose to earn into their foreign reserve via export and not this witchcraft + desperation economics. Who are the reserve being used to serve, let those people live within their means or step up their earnings.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by NOETHNICITY(m): 7:31am On Apr 03, 2025
rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously
You’re being completely unreasonable. How can you seriously expect the Federal Government to keep subsidizing the dollar, especially when many of the beneficiaries are exploiting the system? People have made billions from this scheme—those with the right connections to the CBN get dollars at a lower rate and then resell for 700 naira, profiting massively. It’s frustrating that so many fail to see the obvious flaws in this system.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by rajiedreez: 7:31am On Apr 03, 2025
I thought they said their president was a revolutionary thinker. That he's the best that could happen to Argentina, that he's cutting unnecessary government expenditures. He even scrap some government ministries.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by seunmsg(m): 7:35am On Apr 03, 2025
Obi’s Argentina 🤣🤣🤣
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by NOETHNICITY(m): 7:36am On Apr 03, 2025
Putindbutt:
See this ignoramus ipob, the more they debunk your stupid lies and gossip tales with superior facts, the more you go back to cooking more senseless conspiracy theories that has no verifiable trace. When will you ipob losers understand that lies and propaganda will never win you an election. We have witnessed your Agulu fraud apologize for lying and misrepresenting facts several times, even deleting his tweets when being bursted. If your leader can lie shamelessly, how much more a bunch of empty headed supporters calling themselves headless mob.
Look at at how your changing the goalpost and rambling like a goat. So, if Nigeria has $30b net reserves, they should use it to build roads or railways or to pay salaries?, is that the purpose of a reserve?, Why are you bitter people so dumb?. USA has the highest reserves yet they are the most indebted country in the world, why can't you say they should use their reserves rather than borrow?. If Argentina secured this new tranches of loan, they will then overtake the US as the most indebted country in the world. This is the same Millei that Atiku and ignorant Obidients were once hailing but they don't know that he has plunged Argentina deeper into a hole than he met it despite cutting down costs and laying off lots of employees, thereby increasing the rate of unemployment. Imagine Tinubu trying to reduce cost by laying off workers in MDAs, it is you losers that will start wailing that Tinubu is taking jobs away from Nigerians making them jobless.
Everything you said is true except the bolded

USA is indebted to the tune of more than 20trilliion dollars.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by CodeTemplarr: 7:37am On Apr 03, 2025
rajiedreez:
I thought they said their president was a revolutionary thinker. That he's the best that could happen to Argentina, that he's cutting unnecessary government expenditures. He even scrap some government ministries.
he is indeed. The economy is fragile and argentines are acting all entitled to good life without commensurate input. The minds of the people have been poisoned to make them lazy yet feeling entitled to free ride from govt. They think govt gets money from thin air. Any paper the govt prints and uses, is backed by the efforts of the people.
Smart nations like France and USA tie thier to inputs or efforts beyond their local populace.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by FreeStuffsNG: 7:53am On Apr 03, 2025
This was the President being hyped by fox News media
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by PDPdestroyer(m): 7:56am On Apr 03, 2025
A very bad morning for Obidiöts worldwide. Their exemplary president has been demystified grin
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by MEEVEET: 8:12am On Apr 03, 2025
TheBreastSucker:
I don't think you sucked breast when you were a baby otherwise you will not be typing this nonsense voodoo economics.

Which organisation will give you a loan of 10 billion to defend a currency whose value is artificially inflated in an economy that does not export anything tangible apart from crude oil?!
Who have Argentina 20 billion
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Believeintruth: 8:26am On Apr 03, 2025
Image123:
It's the best oh, so far it's not Tinubu. Tinubu is doing nothing increasing reserves from Net $3billion to almost net $30 billion in 2 years. We want Obi who said he'd borrow more like Argentina.
3billion to 30billion in 2 years. Oga take am easy to dey lie..
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Believeintruth: 8:31am On Apr 03, 2025
Misterone:
Read what you wrote and explain it to yourself again! It's like you really lack understanding. Did Nigerian government borrow to defend the naira? No. That's what would've happened if subsidy had not been removed.
Oga the government is borrowing to defend the naira. Tinubu took loans from Afrexim for this purpose. Make una take am easy to dey lie here.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Believeintruth: 8:32am On Apr 03, 2025
FreeStuffsNG:
This was the President being hyped by fox News media
Oga just keep quiet there do not use that as an excuse to justify this failure of a government.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Omofaye99: 8:36am On Apr 03, 2025
LegendHero:
Source: https://punchng.com/argentinas-milei-to-seek-20bn-imf-loan-during-us-visit/?amp
I remembered critizing this guy move on a space only for people to come for my head. He is going to run the country down sooner or later.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Template862(m): 8:39am On Apr 03, 2025
Congratulations
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Omofaye99: 8:44am On Apr 03, 2025
rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ
$10billion? Where did you get this from?
I have to disagree with your claims.
There is no evidence that the government borrowed such amount ro defend the currency. The current value of the naira is more aligned with market conditions and reflects its true worth. While there have been significant challenges, it's essential to recognize that the government's efforts are aimed at stabilizing the economy, not simply defending an outdated rate. Resorting to insults doesn't contribute to a constructive discussion. Let's focus on the facts and engage in a more informed dialogue about the economic realities we face.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by mmsen: 8:48am On Apr 03, 2025
rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously
Overseas visitors did not have access to dollars at that rate.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Earth2Metahuman: 8:48am On Apr 03, 2025
rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously
next time, you should have just say stupid stuff like "zombie" or hunger no dey tire you" to his initial reply so that your fellow senseless mob like and share your posts and move on like mumu, instead of joining argument above your IQ level and embarrassing yourself like this.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Omofaye99: 8:51am On Apr 03, 2025
rajiedreez:
I thought they said their president was a revolutionary thinker. That he's the best that could happen to Argentina, that he's cutting unnecessary government expenditures. He even scrap some government ministries.
It’s important to look beyond the surface when evaluating President Milei's actions. While his supporters may label him a "revolutionary thinker," real peoe with sense see his policies as a facade that masks deeper issues. Cutting government expenditures and scrapping ministries may sound appealing, but these measures can have severe consequences for public services and social welfare. Moreover, his approach has led to economic instability, increased debt, and a reliance on external loans. I pity those still supporting him.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by Alliswell248: 8:55am On Apr 03, 2025
rinzaugustine:
They will use it wisely unlike twin disasters of poo- hari and mandate thief that wasted billions of dollars on owambe and now the country is indebted for more than 180 trillion naira of foreign debt.. meaning that every Yoruba today born and unborn are shackled in bondage chains of foreign debt for money used for something they don’t know
Hatred and bitterness have destroyed your no 6, if at all you had it before.

Someone who borrowed 44 billion usd before, squandered it on useless coin...is returning back to collect 20 b USD again.

Opposition is not stupidity.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by nwirinedu(m): 9:09am On Apr 03, 2025
This is plan for Nigeria as well. Sell all her cash generating resources so that she will be forced to borrow till penury. If you dont see a problem with this then you re part of the problem.
Re: Argentina To Receive $20 Billion IMF Loan To Replenish It's Central Bank Reserve by LZAA: 9:36am On Apr 03, 2025
rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ
grin grin grin grin
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