Argentina, the world’s most famous defaulter, has flipped the script. With a staff level agreement announced earlier this week, Argentina is poised to win a $20 billion new program from the International Monetary Fund (IMF), which will help the government cement its program of revamping the country’s long-broken finances. This raises hope that Argentina will succeed in its quest, but the country’s inherited imbalances are so large that it needs to stick to its reform plan to avoid falling back into crisis, as it has so many times in the past. […]