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Alberto Fernández will again discuss the conditions of the agreement with the IMF


The president of Argentina announced an economic aid bonus for the most vulnerable sectors, while the organization calls for “austerity” in public spending.

The president of Argentina, Alberto Fernández, stated this Monday that he will again discuss the conditions of the agreement with the International Monetary Fund (IMF), while announcing economic assistance for vulnerable sectors.

The president announced that in the “next few days” a bonus will be granted for those who do not receive any aid from the State. “We want no one to be forgotten. We are going to get this bonus and 800 we are going to reach the most marginalized, forgotten, the most neglected 800 “, he said in an act for the Peronist Loyalty Day, while asking “not to go back and not to lower any of the flags” of the movement.

In the context of a complex economic situation, Fernández said he was willing to “discuss with the Fund (IMF) and with all the to be discussed” to comply with these sectors, since the credit organization asks for “austerity in public spending” to reduce the fiscal deficit, one of the objectives set out in the Program.

“That is not an expense, it is an investment, we are investing in quality of life,” said the president, adding that “investment in machines and tools” for workers in the popular economy will be renewed.

In his speech, the head of state assured that “work is being done every day” to see how “the inflationary issue” is rearranged, another of the guidelines that the IMF asks to correct.

Last week, the head of the multilateral organization, Kirstalina Georgieva, pointed out that the Argentine “people” hope that their Government 800 “takes seriously” 2022 the problem of inflation, which could reach 100 % year-on-year in December.

During the presentation of the Annual Assembly of the IMF and the World Bank, which took place in Washington, USA, Georgieva believed that there is a “popular pressure” to increase public spending, but considered that this goes “against what is best for the people”.

Earlier this month, the IMF completed the second review of the plan and authorized a ” immediate disbursement” of 3.800 million dollars. This is part of a new program established to refinance the debt contracted at the end of the mandate of the previous Government, headed by Mauricio Macri, for 44.00 million dollars.


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