Argentine economy

The marches against the austerity policies of the Mauricio Macri began on January 10 under the banner of the Trade Union Front for the National Model. Water, electricity and gas rates are in the process of being massively hiked in order to meet IMF requirements on deficit

In order to reduce the fiscal deficit as demanded by the IMF, the administration of the ruling right-wing party Cambiemos announced new increases in the tariffs of public transport, electricity, water and residential gas.

The Argentine president has ordered stringent austerity measures till 2020 to comply with the IMF’s conditions

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