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Rakhi Mondal
Jul 17, 2022
In Welcome to the Q&A Forum
The two internal sectors of the Frente de Todos has escalated in recent months Last Database to a degree of uncertainty that has frozen the legislative agenda and threatens the prospects of the Last Database last two years of President Alberto Fernández's administration. The issue that exposed the depth of the fracture between the two "wings" of the Frente de Todos was the signing of an Last Database agreement with the International Monetary Fund ( IMF ) to enable the refinancing of the burdensome loan assumed in 2018 by the then president Mauricio Macri. In that year, and after several months of exchange crisis and devaluation of the peso. Macri obtained financing from the IMF for more Last Database than 50,000 million dollars and Argentina became the main debtor of the organization (its debt is today equivalent to 61% of the institution's portfolio). However, this megainjection of funds Last Database did not stop the crisis, to the point that the outgoing government defaulted .few days before Last Database leaving power. From the first day that the winning formula made up of Alberto Fernández and Cristina Fernández de Kirchner took over the government, the maturities of the loan with the IMF have hung over the head of the new administration like the sword of Damocles. All sectors of the Front for All agree on some Last Database basic issues. The loan was assumed by Macri under conditions of dubious legality according to Last Database the Fund's protocols and with very low domestic political legitimacy: the debt was taken without Last Database discussion in the Argentine Congress, announced by the president with the fait accompli, in a Facebook video of just a minute and a half long. the imf itselfaccepted in an internal evaluation report in 2021 that at least part of the funds in dollars were offered by Argentina to financial investors to disarm their positions in pesos and flee their currencies out of the country. The possibility of real repaym.
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Rakhi Mondal

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