Abroad, the IMF-led rescue plan is known as a bailout, yet here the plan has been sold to the public as blindaje ["financial armor"]. Who came up with that idea?

I think it’s a term that accurately describes our situation, because the plan is intended to protect us from an economic crisis rather than rescue us after one has occurred. And we are already seeing its positive effects. Interest rates have fallen. We are exchanging short-term for longer-term debt. Investors can have full confidence that the country is financially secure.

What makes you confident that Argentina will not have to ask for another bailout next year?

FROM
http://www.google.com/search?q=cache:Xs89vbsLXK0:www.iimagaz...

I think you should read this page, blindaje appears to have originated with Argentina and mybe should not eb translated or should at leasrt be glossed. Also this page for info such as this:

Características del paquete financiero.


1. Definición

El llamado blindaje financiero es un paquete plurianual hasta diciembre de 2003; en el caso de los canjes de deuda cubren vencimientos en los proximos cinco años, de facilidades de crédito puestas a disposición del Estado Argentino y que proviene de diversas fuentes. Que estas facilidades estén disponibles no implican un incremento de la deuda. Sin que fortalece las condiciones para que el país acceda a los mercados financieros de una manera más ventajosa.


2. Beneficios

Este programa le permite al país:etc

http://www.infoarg.org/blindaje/dec18-00/paq02.htm