Friday, May 20, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

Argentine president blames Macri for debt with IMF

Macri-FMI-deuda-Argentina-300x169

Argentine president blames Macri for debt with IMF

Buenos Aires, Mar 26 (Prensa Latina) Argentine President Alberto Fernandez on Saturday blamed the former head of State, Mauricio Macri (2015-2019), for the today's economic situation in the country, marked by a debt of 45 billion dollars with the International Monetary Fund (IMF).
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

In 2018, Macri and his allies from Juntos por el Cambio (Together for Change) contracted the largest debt in history with the IMF and loaded it on the backs of generations of Argentinians, Fernandez asserted on his Twitter account.

He recalled that his predecessor took the questioned loan “after being indebted to private creditors for more than 100 billion dollars. He did so with the excuse of lifting that liability, but in reality most of that money was destined to capital flight”.

Despite the dollars received, no reserves were left and no hospitals, schools, bridges or roads were built. Everything vanished in the hands of speculators and with the passivity of the then government, Fernandez noted.

He pointed out that when he assumed the Presidency of the nation, the situation threatened the Argentinian economy.

We restructured the debt with private creditors and agreed to refinance the IMF debt. We did not acquire any of those commitments, but paying without an agreement was impossible, he stressed.

This year we had to deliver 19 billion dollars. Failure to do so would lead us to a default that would irremediably paralyze the country’s growth, he added.

jg/afl/jcm/gas

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.