Alberto Fernández: “The Fund, once again, tries to impose a program on us and there we do not agree”

Alberto Fernández warned that the country “is absolutely prevented from making this payment” to the Fund.

President Alberto Fernández affirmed that the International Monetary Fund “Try to impose a program on us” to Argentina and said that that is why progress is delayed in the negotiation to restructure the pending payments for the loan of the order of 44 billion dollars that the government of Mauricio Macri took.

“The Fund says in its statutes it says that the IMF will analyze the program that the country proposes, but in truth what the Monetary Fund is trying to do, once again, is to impose a program on us and there we do not agree,” said the president. in an interview with radio AM 750, where he also acknowledged that “Argentina is absolutely prevented from facing that payment. Nobody in the world seriously thinks that Argentina can pay, between principal and interest, 19 billion dollars this year “, he claimed.

Alberto Fernández clarified that the negotiation of an agreement continues that allows the country, according to the gaze of the local authorities, to grow in order to pay its debts. “The Fund has a share of responsibility for what happened. It seems to me that, beyond the responsibility that each one has, the government and the authorities of the fund at that time, having delivered an unspeakable loan in technical terms, a pandemic ensues: you cannot ask a country like Argentina for more a requirement that a country can give ”.

“The discussion is to see how the program has to be, if it is like the one we propose, with growth to face payments, or is it, again, to return to the eternal recipe of the Fund, which is more adjustment, shrink the economy, import less for the dollars that are left to reach for. We are not here to do that, that’s why the discussion is delayed, ”said the president.

Alberto Fernández and Kristalina Georgieva.
Alberto Fernández and Kristalina Georgieva.

Regarding the position of the United States in the negotiation, the president considered that “Until now, he did not have a clear position on the Argentine program because the program was not put to the consideration of the Board in its fullness.”

Consequently, he said he did not know “What is the United States going to do?” And he added: “What I do know is that the loan they gave to Argentina was political and had the sole purpose of supporting Macri.”

Agreement with the IMF and the opposition

“We have to all be notified and work together so that the negotiation allows growth not to stop and that the debt does not turn into a new condition. This is a problem that will span several generations, my government and the one that ends and begins in 2027. The reasonable thing is to be transparent about where we are and give a clear message of the dimension of the problem that Argentina has, “said the president. . Alberto Fernández said it in view of the differences in the opposition on whether or not to support the national government’s dialogue with the Fund.

“We found shameful rhetoric from those who generated the problem. In 2018 Argentina did not owe a penny to the Monetary Fund. No matter how bad it is, these were the decisions they made, which will cost Argentina the effort of generations, the best thing is to work together to find a solution for Argentina”, Continued the president. Alberto Fernández differentiated the position taken by the governor of Jujuy, Gerardo Morales, from that expressed by the head of government, Horacio Rodríguez Larreta, and Macri himself.


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