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PaperclipPerfector  10mo ago (text post)   1761 thread views

Transnational Thursday for January 4, 2024

Transnational Thursday is a thread for people to discuss international news, foreign policy or international relations history. Feel free as well to drop in with coverage of countries you’re interested in, talk about ongoing dynamics like the wars in Israel or Ukraine, or even just whatever you’re reading.

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Argentina

Milei has withdrawn (really just not finalized Argentina’s entry into) the growing BRICS collective. If you think BRICS is a relevant counterweight to western alliances / institutions (I don’t particularly) then this is a win for the latter. Either way, it solidifies Milei in the western camp.

Supposedly the IMF and Argentina are very close to finalizing their review of their $44 billion loan from 2022. If everything is squared away it’ll “unlock” another $3+ billion sent to Argentina. Tightening things up here with the IMF is basically a necessity if Milei wants to qualify for sufficient financing to undergo dollarization.

Speaking of his agenda, the recent turbo-deregulation decree has now been suspended by the National Chamber of Labor Appeals following a challenge by the General Trade Confederation. Separately, Milei is trying to pass a huge omnibus bill through Congress that would achieve much the same goals, apparently in case the decree is held up indefinitely.

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