Buenos Aires, July 10 (RHC)-- Thousands of Argentineans took to the streets to protest on their national holiday Monday, July 9th, in central Buenos Aires. The protests came just weeks after Argentinean President Mauricio Macri announced that the International Monetary Fund's (IMF) executive board approved a $50 billion financing deal for Argentina.
Macri said he was turning to the IMF in May after a run on the peso currency. The move has been politically risky for market-friendly Macri, as many Argentineans blame IMF-imposed austerity policies for exacerbating a 2001-2002 economic crisis.
In June, Argentinean stocks surged after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for Macri in recent months.
Argentineans come out to protest IMF on national holiday
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Brazil announces Cuba, Bolivia and seven other countries as members of the BRICS group
- Statement of Cuban Foreign Ministry on removing island from State Department list of countries sponsoring terrorism
- The world celebrates the decision of the United States on Cuba and demands an end to the blockade
- ExxonMobil countersues California attorney general and environmentalists over plastic pollution claims
- U.S. oil company Chevron declares 300 million dollars in taxes in Venezuela