Cristina Fernández calls the macrista debt with the IMF a pandemic | News

Rate this post

The Vice President of Argentina, Cristina Fernández de Kirchner published a letter on Tuesday in which she spoke of the negotiation that the Government is carrying out with the International Monetary Fund (IMF), in which the also former president compared what the pandemic cost the country of Covid-19 and what it cost what he called "the macrista pandemic" in relation to the debt taken by the then president Mauricio Macri (2015-2019).


Five Argentine provinces report active forest fires

After offering data in this regard, Fernández de Kirchner said that "it can be seen very easily that, in 2021, the macrista pandemic was more expensive for the National State than the Covid-19 pandemic: the macrista pandemic cost 1.1 percent of GDP and that of Covid, 0.9 percent".

The former president also valued that the debt with the IMF takes away from Argentina "the currencies that we need so much as a country because the IMF must be paid completely and exclusively in dollars, because no matter how much we insist, it does not accept pesos from us."

According to the information offered by Cristina Fernández, in 2021 Argentina paid between capital and interest about 5,160 million dollars to the IMF for the maturities of that year corresponding to the Stand By loan that the agency granted to the Government of Mauricio Macri in 2018.

In a subsequent publication that the Argentine Ministry of Economy made minutes later, they explained that this indebtedness, not having been made in Argentine pesos "with an economic crisis and without access to international markets, is asking for a fiscal adjustment in the midst of a double crisis , the debt and the coronavirus, which in the vision of the current economic leadership would be recessive and harmful to economic activity.

That portfolio stressed that "the current government did not borrow dollars. On the contrary, in 2020 two foreign debt restructuring operations were carried out that generated savings for Argentina of 34.8 billion for the 2020-2030 period."

In response, the macrista opposition refuses to accompany the government negotiations, while a trip to the United States took place on Tuesday by the Argentine foreign minister, Santiago Cafiero, who met with the secretary of the Department of State, Antony Blinken, to seek support face to the negotiation with the IMF.

Author Profile

Nathan Rivera
Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.

My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.

What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.

I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.

Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.

At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.