Domingo Cavallo

Argentina Imposes 'Corralito' Bank Account Freeze Under IMF Austerity, Triggering Mass Protests

2001-12-01 00:00:00 +0000 UTC | Importance: 9/10

The Argentine government enacts emergency measures known as the ‘corralito’ (little corral), freezing bank accounts and limiting cash withdrawals to $250 per week, triggering the final stage of a devastating economic collapse driven by IMF-imposed austerity. The freeze comes after four …

International Monetary Fund Fernando de la Rúa Domingo Cavallo Argentine Central Bank shock-doctrine imf austerity argentina financial-crisis +2 more

Argentina Passes 'Zero Deficit Law' Under IMF Pressure, Cutting Salaries and Pensions 13%

2001-07-13 00:00:00 +0000 UTC | Importance: 8/10

The Argentine Congress passes the Zero Deficit Law under intense IMF pressure, delivering drastic cuts in public spending including 13% reductions in state salaries and pensions in a desperate attempt to satisfy creditors and maintain access to IMF loans. The law represents the culmination of four …

International Monetary Fund Fernando de la Rúa Domingo Cavallo Argentine Congress shock-doctrine imf austerity argentina structural-adjustment +1 more