Massive march in Buenos Aires against the refinancing of the loan from the International Monetary Fund (IMF). Thousands of protesters from left-wing parties, social organizations and unions rejected the agreement announced by the government of Peronist Alberto Fernández.
They assure that it will bring more precariousness and advocate not paying the debt. The national leader of the Socialist Workers Movement, Celeste Fierro, believes that “those billions should be used to solve the structural problems” of Argentina.
“__Today, 40% of the population lives below the poverty line. More adjustments will cause more families to fall below the poverty line. More layoffs, more precariousness… So, an agreement with the The IMF is precisely going to deepen what we have been suffering for years. That is why we believe that the only sovereign way out is to break with the IMF.”
After months of negotiations, given the inability to meet the payment deadlines, the Argentine Executive announced at the end of January a principle of agreement with the IMF to restructure the credit granted in 2018, under the Government of Mauricio Macri (2015-2019). A loan of about 39,000 million euros.
Next March Argentina should pay 3,000 million dollars, more than 2,600 million euros.
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