As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
Government coalition in turmoil
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Government coalition in turmoil
June 2022
The economic and political situation continued to deteriorate in recent weeks. Cristina Kirchner escalated the confrontation with Alberto Fernandez in two speeches in which she criticized once again the agreement with the IMF, and especially the effectiveness of the policies to preserve international reserves and to deal with inflation. Cristina believes in controls, and her main criticism was to the Central Bank and to the Trade Secretariat which, in her opinion, were not tough enough controlling imports and price increases.