Social organizations demand not to pay Argentine debt to the IMF | News

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Argentine organizations and social movements marched this Wednesday in the capital, Buenos Aires, with the purpose of demanding that the Argentine State not pay the International Monetary Fund (IMF) the debt contracted by the Government of Mauricio Macri (2015-2019), to whose payment is currently facing the Government of Alberto Fernández.


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The protest, the most recent of those that have been happening in recent days, was called by the Teresa Rodríguez Movement (MTR); the Marxist-Leninist Revolutionary Party (PRMML), the Coordinator for Social Change, the MTL-Rebelde, the Polo Obrero and the Partido Obrero; the Free and Standing Neighborhoods Movement of the South and the Socialist Workers Movement (MST).

The protesters demand that "one more dollar to the IMF" not be paid, since they consider that the 2018 loan, taken by the Government of Mauricio Macri, is a scam, which, they argue, "is not paid, not even this Friday, not ever".

In less than a week, the Argentine State will have to pay, in two tranches, more than 1,100 million dollars and according to reports, both parties would have reached an agreement early this Friday, which President Alberto Fernández is expected to confirm in a intervention at 10:00 local (14:00 UTC).

In recent weeks, the possibility that Argentina will default on its debt had impacted the markets, with Argentine debt bonds falling and country risk increasing; while the dollar in the informal market.

Fernández's government accuses Macri of the conditions for taking on the debt and of not having served the development of the country, for which they describe it as an "unpayable mortgage."

On the other hand, it transpired that ten former presidents of Latin America, including Luiz Inácio Lula Da Silva, as well as the former president of Spain José Luis Rodríguez Zapatero, signed a public letter in which they ask the IMF to "assume responsibility" for having granted that credit to the Government of Macri in 2018, "in order to benefit him electorally and limit the next steps."

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