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Post by account_disabled on Mar 6, 2024 9:54:32 GMT
The Confrontation Between the Two Internal Sectors of the Frente De Todos Has Escalated in Recent Months to Reach a Level of Uncertainty That Has Frozen the Legislative Agenda and Threatens the Prospects of the Last Two Years of President Alberto Fernández's Administration. The Issue That Exposed the Depth of the Fracture Between the Two "Wings" of the Frente De Todos Was the Signing of an Agreement With the International Monetary Fund ( Imf ) to Enable the Refinancing of the Burdensome Loan Assumed in by the Then President Mauricio Macri. In That Year, and After Several Months of Exchange Crisis and. Devaluation of the Peso, Macri Obtained Financing From the Imf for More Than , Million Dollars and Argentina Became the Organization's Main Debtor (Its Debt is Today UK Mobile Database Equivalent to % of the Institution's Portfolio). However, This Mega Injection of Funds Did Not Stop the Crisis, to the Point That the Outgoing Government Defaulted a Few Days Before Leaving Power. Since the First Day That the Winning Formula Made Up of Alberto Fernández and Cristina Fernández De. Kirchner Took Office, the Loan Maturities With the Imf of the New Administration Like the Sword of Damocles. All Sectors of the Frente De Todos Agree on Some Basic Issues. The Loan Was Assumed by Macri Under Conditions of Dubious Legality According to the Fund's Protocols and With Very Low Domestic Political Legitimacy: the Debt Was Taken Without Discussion in the Argentine Congress, Announced by the President With the Fait Accompli, in a Facebook Video of Just a Minute and a Half Long. The Imf Itself Accepted in an Internal Evaluation Report in That at Least Part of the Funds in Dollars Were Offered by Argentina to Financial Investors to Dismantle Their Positions in Pesos and Flee Their Currencies Out of the Country.
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