Buenos Aires (EFE) in current terms, “it will be impossible to pay for it.”
“If we do not manage to put aside this program that the IMF imposes on all its debtors and allow us to develop our own growth, industrialization, and technological innovation program, it will be impossible to pay for it, no matter what they say. ”, the former president (2007-2015) said before thousands of people gathered in the Plaza de Mayo in Buenos Aires.
Fernández and his position towards the IMF
The vice president was the main speaker at an event held on the occasion of the twentieth anniversary of the inauguration of her husband, the late Néstor Kirchner (2003-2007), which was also attended by the Minister of Economy, Sergio Massa, and the main leaders of the “hard core” of Kirchnerism.
During her speech, the former president assured that the loan granted by the multilateral organization to the Executive of former President Mauricio Macri (2015-2019) in 2018 was “a political loan” and, therefore, must be redefined through “politics”.
“They think that they will be able to pay it only with ‘commodities’ and no, forget it, because the ‘commodities’ end up also regulating financial flows and they always accommodate you so that you continue to owe. National unity is essential in the face of this. It was a political loan and politics must also be the solution, ”he stressed.
Agreement between the Government and the IMF
In March 2022, the Government of Alberto Fernández signed an agreement with the IMF to refinance loans for some 45,000 million dollars, through a program of extended facilities that includes goals in terms of fiscal discipline, accumulation of monetary reserves and emission limits. monetary.
Up to now, four quarterly reviews of the agreement have been carried out and the country is going through severe fiscal imbalances, exacerbated by a drought that is hitting its agricultural sector and has made it more difficult to meet those goals.
In fact, both parties are currently discussing the terms of the agreement, through talks that the IMF has described as “constructive”.
