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Argentinian economist warns of consequences of IMF debt

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Argentinian economist warns of consequences of IMF debt

Buenos Aires, Apr 16 (Prensa Latina) Argentine economist Fernanda Vallejos warned about the consequences of the 45 billion dollar debt contracted by former President Mauricio Macri (2015-2019) with the International Monetary Fund (IMF), local media reported today.
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During a meeting in Washington, United States, with members of the Progressive International (PI), the former MP of Frente de Todos pointed out that it is the ” biggest loan in the history of the IMF, which is unpayable”.

It is to be expected that in 2026 Argentina will not have the necessary foreign currency to deliver the corresponding amount, which will have repercussions in the economic and social spheres, she said.

She also proposed to take the case to the International Court of Justice.

We intend to prove that the IMF violated its rules by not complying with its Articles of Agreement and, therefore, committed unlawful acts under international law. This would allow my country to claim its sovereignty and pave the way for other nations to stop being victims, she explained.

The PI brought together 12 specialists from Africa, America, Asia and Europe with the purpose of initiating an investigation into the IMF’s actions at a global scale, which are based on “a pattern of illegality, impunity and disregard for human rights”.

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