May 27, 2022

Brighton Journal

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10 former presidents of Latin America ask IMF to accept responsibility for debt to Macri

This Wednesday, January 26, ten former presidents of Latin America signed a public letter asking the IMF. “Take responsibility” for what was delivered in 2018 $ 45 billion in “registered debt” To the government of Mauricio Macri.

According to the signatories, He said the amount was changed to “benefit him in the election and control the next phase of action”., Referring to the administration of the Front of All. They also said “Immediate removal of debt surcharges”.

Former President Mauricio Macri with former Managing Director of the International Monetary Fund Christine Lagarde.

In the same way, they felt it was necessary The International Monetary Fund provides Argentina with rules that allow “economic growth without drastic adjustments or financial restrictions.”

The demand spread two days later New maturity of debt with finance, With a capital stagnation of $ 731 million in this case, Argentina will have to face reserves if it wants to pay it off.

Beyond the agreement, the government faces the first outstanding date of IMF 731 million US dollars

Who signed the public letter sent to the IMF?

The claim for the organization, led by Kristalina Georgieva, collected signatures of Latin American personalities at the initiative of the Brotherhood group, through which various figures in Latin American politics plan joint action, coordinated by the Deputy Speaker of the Mercosur Parliament (Barlasur), Oscar worker; Chairman of the Foreign Affairs Committee of the Lower House, Eduardo Valdes (Front of All-CABA); Y Former President Lugo, From Paraguay.

Document you have accessed தெலம் Has the signature of the former president Luis Inacio Lula da Silva (Brazil), former head of government Jose Luis Rodriguez Zapatero (Spain), Evo Morales (Bolivia), Ernest Chamber (Colombia), Dilma Rousseff (Brazil), Raphael Korea (Ecuador), Manuel Zelaya (Honduras) and Lionel Fernandez (Dominican Republic).

President Alberto Fernandez and President of the International Monetary Fund Crystalina Jorge
President Alberto Fernandez and Managing Director of the International Monetary Fund Kristalina Georgieva.

Such as regional leaders Celso Amorim (Brazil); Senator Lucia Topolansky (Uruguay); Minister of Defense, George Diana; Coordinator of the Publa Group, Marco Enriquez Nominee (Chili); Bolivia’s current ambassador to the UN Diego couple; And former Foreign Ministers Ricardo Patino (Ecuador) and Jorge Laura Castro (Paraguay), among others.

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Finally, the letter was signed by the current Vice President of Peru, Tina Boularde; MPs from the region, such as Paraguayan senators George Cure and Esperanza Martinez (Formerly Quass), his Argentine pair Oscar Barley (FdT-Neuquén), Uruguay sub Daniel Gogiani (Broad Front) and Mercosur MPs Victor Santa Maria (Chairman of the FdT Module) and Cecilia Brito (Chairman of the Argentine delegation).

Without agreement with the IMF, Christianity warns that “default is not a bad solution.”

What do they demand in the loan document?

Under “IMF must accept its responsibility”, The general letter begins by quoting a passage Letter from Pope Francis to the IMF and the World Bank in April 2021 By the spring assemblies of those bodies (northern hemisphere).

The pope called for support for the functioning of markets, “with laws and regulations that guarantee that funds will act for the most needed social purposes during a health emergency and ensure that they contribute to the public good.”

Promoting a humane economic policy is about fighting for a more divisive and inclusive life model., Which acts thinking of ordinary men and women; And question the accumulation of world wealth by a small minority. “

IMF
The International Monetary Fund (IMF) is headquartered in Washington, DC.

Francis called on the IMF and the World Bank to “significantly reduce debt” for poor countries.

Then, and focusing Implications of a potential contract, The letter states that the conditions for rescheduling Argentina’s debt maturity They “should not subject the Argentine people to poverty”.

The general letter for this is Wednesday, January 26th At the crossroads of debt he joined other interventions in support of the country, As the CELAC Foreign Ministers held in Buenos Aires at the end of their meeting twenty days ago.

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In an official statement, they added a paragraph Argentina registers support for reaching an agreement with the International Monetary Fund This will allow him to continue his recovery, improve his social status and refinance his debt. “

J.F.G.

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