The government has two sets of problems coming from the past, one external to it and the other internal, but both interconnected. The external problems include the vulnerable state of the economy which is on the mend by any objective standard. But the government is liable to face growing public disenchantment unless the benefits of development are more widely distributed. However, the last government’s negotiations with international creditors and the agreement with the IMF leave little room for the new government to manoeuvre. The reduction in the debt that was negotiated was around 20 percent overall, which is significantly less than obtained historically from similarly positioned countries. In 2020, Argentina restructured $65 billion in foreign bonds, securing a 50 percent reduction in debt payments over the next decade.