Argentine Opposition Warns of Crisis Amid Macri’s Return to IMF

9 May 2018

In 2001 an IMF-induced crisis left one in five Argentines without a job while people flooded the streets in protests that saw more than 20 people killed.

The block of deputies of the Peronist-Kirchnerist alliance Frente para la Victoria (Front for Victory) criticized the decision of the Argentine President Mauricio Macri to request a financing for US$30 billion from the International Monetary Fund (IMF).

“We demand from the Executive Branch that any possible agreement with the IMF, prior to its approval, be widely discussed in the National Congress, and nothing that the Fund [MF] wants to agree on has to be done behind the backs of the Argentine people,” the block said in a statement.

“The decision on Tuesday means a serious setback. Within two and a half years of the Néstor Kirchner administration, Argentina canceled the debt with the IMF, 13 years later, two and a half years into the government of Mauricio Macri, [he] send us to the Fund.”