VOICED : Protestas en Argentina durante mision del FMI

VOICED : Protestas en Argentina durante mision del FMI

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Interactive Video

Social Studies, Business, History

10th - 12th Grade

Hard

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In Buenos Aires, protests were held to demand the suspension of debt payments and an investigation into Argentina's external debt. The protests were organized by leftist parties and groups as an IMF mission met with President Alberto Fernández's delegates. The government aims to restructure the debt incurred during Mauricio Macri's presidency, which included a $57 billion standby agreement. Fernández argues the debt is unpayable and seeks to delay payments until the country's economic situation improves. Argentina received $44 billion from the IMF but declined further tranches. With markets nearly closed, the government needs an agreement by March 31 to avoid heavy maturities. The total debt to be reprofiled with multilateral organizations and private bondholders is $195 billion, 57% of Argentina's GDP.

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