Argentina economy falling despite huge IMF support

Reports show poverty risen to 32 percent from 26 percent and the 45 percent inflation rate is the main reason why.

    Argentina's economy is continuing to sink, inflation keeps rising, and the currency is again losing value. Latest government reports show poverty has risen to 32 percent from around 26 percent the previous year and the 45 percent inflation rate is the main reason for that.

    This comes despite the country receiving one of the largest IMF financial support programmes that any country ever has.

    Al Jazeera's Teresa Bo reports from Buenos Aires.


    YOU MIGHT ALSO LIKE

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.