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Montevideo, May 18th 2022 - 13:33 UTC



Argentine president attacks opposition, Judiciary, media and economic powers

Tuesday, March 2nd 2021 - 09:58 UTC
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President Fernandez addressing Congress, sitting next to Cristina Kirchner. Photo: Senate Press President Fernandez addressing Congress, sitting next to Cristina Kirchner. Photo: Senate Press

In a defiant speech before the Legislative that launched the campaign for the October midterm elections, Argentine president Alberto Fernandez on Monday opened the 139th Congressional period of ordinary sessions with a barrage of attacks on the opposition, Judiciary, media and the concentrated economic powers.

Fernandez anticipated that he did not want to rush into a new deal with the International Monetary Fund (IMF), amid broader concerns that a previously set May date to reach an agreement will be missed.

Fernandez, addressing the country’s Congress, said that Argentina would also launch judicial action to investigate the former administration’s agreement with the Fund, which he has previously criticized for exacerbating debt levels.

“We will continue our negotiations with full focus and with the firmness we have always shown, we do not want to rush,” Fernandez said, adding that the government’s focus was to revive economic growth hit hard by the coronavirus pandemic.

“Our government’s only hurry is to put production and work back on its feet in order to improve the situation of millions of Argentine families that have been plunged into the pit of poverty,” he said.

The Fernandez administration is negotiating a new IMF program to help cover its upcoming obligations to the Fund. It had initially pushed for a quick deal to replace the 2018 program, but recently signaled its willingness to wait until later in the year, concerning investors who see an agreement as key to restoring economic stability.

Fernandez’s Peronist government faces mid-term elections in October and is keen to avoid imposing austerity measures that would hit voters. It anticipated that government spending for the needy will continue and public utilities rates will be frozen.

The central bank said in a statement on Monday that it had requested an audit into any potential damages from the 2018 deal with the IMF agreed by then-President Mauricio Macri, which has seen over US$ 44 billion disbursed to the country.

Government officials sought to downplay any tension with the IMF, which counts Argentina as its largest sovereign borrower.

“That we investigate responsibility of the indebtedness with the IMF does not imply that we cannot continue talking constructively with them,” development minister Matías Kulfas told local radio on Monday.

”The president unfortunately did not speak to the Argentine Nation, but rather to the Patria Institute (which is the Kirchnerism think-tank)”, said Mario Negri, head of the inter block of opposition groups in the Lower House.

Argentina restructured almost US$ 110 billion in foreign currency debt with private creditors late last year, which helped cure the country’s ninth sovereign default.

Categories: Economy, Politics, Argentina.

Top Comments

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  • imoyaro

    Exactly what you'd expect from Peronist Narcokleptocrats: Attack, attack attack!

    Mar 02nd, 2021 - 03:26 pm 0
  • Little J

    The so-called Presidential speech in fact was just repeating parrot-fashion what CFK wished to be heard. Needless to say just to insure that she remains safe and sound with absolutely no risk that she, her family and extended cohorts don't get condemned due to blatant theft of public funds and a few other “tit-bits” which should have landed them in jail, many moons ago.

    Mar 02nd, 2021 - 07:06 pm 0
  • imoyaro

    Once again the National Socialist Gauchito Drink tries to perpetuate the BIg Lie, like he and his fellow antisemitic member of the “Torturer's Tango Duo,” the despicable Kamerad/Komrade Rique, have always done in here. Not a shadow of evidence? (Note, remove the space after “https:” to read multiple posts...)

    https: //

    https: //

    https: //

    And who can forget the K use of convicted violent offenders as muscle at their “events?”

    https: //

    Like this guy, remember him? He wasn't even arrested until he appeared on a TV show to brag about it...

    https: //

    Of course it's too bad Kamerad/Komrade Rique isn't here much any more to tango with Gauchito Drink, but I guess it's getting closer to the time for him to make his third attempt to get his claws on public money by making a third attempt to run for office. Let's hope his neighbors shut him down like they did in the last two elections...

    Mar 03rd, 2021 - 04:52 am 0
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