When Argentina’s president announced plans to nationalise an oil company in 2012, it was presented as a way to grow the country’s wealth. Eleven years on, a court in New York City decided that the country owes some of the oil company shareholders $16bn. The FT’s Joe Miller and Ciara Nugent explain why this has happened. And, we look at what this means for Argentina, as it grapples with skyrocketing inflation and an important presidential election later this month. Clips from CNN, NBC News, Reuters, Televisión Pública - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:After $16bn judgment, Burford’s next battle will be making Argentina payArgentina radical rightwinger shakes up presidential race with primary winBurford chief executive fears Argentine reprisals Love listening to Behind the Money? Show your support and vote for us! We’re competing for the Signal Listener’s Choice Award. Vote here. - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Joe Miller (@JoeMillerJr), Ciara Nugent (@ciaraCnugent) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.