Foreign Affairs

TexasTowelie

(114,961 posts) Sat Jul 20, 2024, 03:05 PM Jul 20

Bangladesh Riots Result in Military Lockdown & Curfew Despite $4.7 Billion Bailout Deal with IMF - Joe Blogs

BANGLADESH has announced a Military Lockdown and Curfew following RIOTS where over 100 people have died and thousands have been injured. This is despite agreeing a $4.7 Billion Bailout Deal with the IMF. In this video I provide details of what the protests are about and discuss the implications for Bangladesh and its economy.

Chapters:
0:00 Intro
1:57 BANGLADESH
4:24 EXPORTS
4:47 IMPORTS
5:19 GDP
6:13 CURRENCY
7:59 BALANCE OF TRADE
10:38 INFLATION
11:37 IMF BAILOUT
13:53 SUMMARY & CONCLUSION

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Bangladesh Riots Result in Military Lockdown & Curfew Despite $4.7 Billion Bailout Deal with IMF - Joe Blogs (Original Post) TexasTowelie Jul 20 OP

Argentina's probably next peppertree Jul 20 #1

peppertree

(22,558 posts)

1. Argentina's probably next

Reply to TexasTowelie (Original post)

Sat Jul 20, 2024, 03:40 PM

Jul 20

Trump, in 2018, forced the IMF to give his idiot pal Macri a $45 billion bailout (10 times Argentina's allotment) - in a hare-brained attempt to rescue Macri from certain electoral defeat.

It (of course) didn't work.

Macri allowed the well-connected to used the proceeds to dollarize and offshore their assets - leaving Argentines an utterly unpayable IMF debt (which is how Argentina was derailed in 1981 to begin with). And amid a 2019 "Macrisis," he lost anyway.

What's more: they're now subject to the IMF's economy-busting "austerity" demands - including a shock devaluation in August 2023 obviously timed to bring a far-right authoritarian loon (Milei) into power.

And now, the severely depressed country is one currency run away from utter collapse - and riots.

It's the biggest Trump scandal no one's heard of.

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