though long-term cyclical problems of refinancing debt and steep taxes on local productivity may the problem, was this loan deal not the final nail that prevented Argentina becoming a sovereign Latin American nation again?

Argentina’s IMF bailout deal includes a wild clause that rips cryptocurrencies Fortune (March 18, 2022)

"Argentinean senators just approved a $45 billion bailout deal with the International Monetary Fund (IMF) on Thursday that will help the country avoid an imminent default on its debts.."