Key leader of the Argentine ruling party triggers conflict in ruling coalition by rejecting agreement with IMF

Archive photo: deputy Máximo Kirchner talks with his colleague Andrés Larroque at the Argentine Chamber of Deputies in Buenos Aires. Dec 18, 2017. REUTERS/Agustin Marcarian

BUENOS AIRES, Jan 31 (Reuters) – Máximo Kirchner, an important leader of the Argentine government coalition, resigned on Monday from his position as president of the ruling bloc of the Chamber of Deputies in rejection of the agreement that the country signed on Friday with the International Monetary Fund (IMF).

The resignation of Kirchner, son of Vice President Cristina Fernández and former President Néstor Kirchner, from his position as leader of the legislators of the Frente de Todos bloc, highlights the crisis within the Government that unleashed the agreement with the IMF to restructure more than 40,000 millions of dollars in debt.

“This decision stems from not sharing the strategy used and much less the results obtained in the negotiation with the International Monetary Fund, carried out exclusively by the economic cabinet and the negotiating group that responds and

He has the absolute confidence of the President of the Nation, to whom I never stopped telling him my vision for not reaching this result,” he said in a public letter.

President Alberto Fernández said on Friday that an agreement with the IMF was reached after years of negotiation to restructure the debt payments that the government of former President Mauricio Macri took on in 2018.

Both parties agreed on a program to cut the primary fiscal deficit by 2025 and to reduce the high inflation suffered by the country.

“I will remain within the bloc to facilitate the task of the President and his entourage. It is better to step aside so that, in this way, he can elect someone who believes in this program of the International Monetary Fund,” explained Kirchner, who in The letter recalled when his father, as president, paid the agency 9.8 billion dollars, the entire debt that the country had with the IMF, to separate economic policies from its supervision.

(Reporting by Eliana Raszewski)

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