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

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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).

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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.

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