Capital flight plagues Argentina
Argentina's main challenge in the face of a global financial crisis is to reduce capital flight out of the country, says a new report.
The consulting firm Ecolatina estimates that capital flow out of Argentina will exceed $22 billion this year, reports La Nacion.
Reducing the outflow of capital would significantly alleviate the worst affects of the crisis, said a report by Ecolatina, which was founded by former Argentine Economy Minister Roberto Lavagna.
Slowing capital flight is the country's largest source of potential funding, said the report.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.