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MercoPress, en Español

Montevideo, May 2nd 2024 - 14:31 UTC

Tag: IMF Program

  • Tuesday, July 2nd 2019 - 09:49 UTC

    ITUC: “IMF program in Argentina has failed to deliver on its promises”

    “Argentina has become yet another example of an IMF program that underestimates the hurtful effects of austerity” commented ITUC General Secretary Sharan Burrow

    One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.