IMF structural adjustment
The country will receive USD 10.2 billion in international loans, and the lower and middle classes will repay it in form of austerity measures
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 return of IMF ‘oversight’ over Argentina’s economy means sharp cuts in social security, wage stagnation, crackdowns on protesters and left-wing politicians, and huge profits for finance capital. A new dossier by Tricontinental: Institute for Social Research looks at the crisis and the possibilities of resistance