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Alberto Fernández, broad winner of the primary elections in Argentina, today criticized the International Monetary Fund (IMF) and added more uncertainty to the situation in the country, installed in a political limbo until the definition of the presidential elections on October 27 .

"Those who have generated this crisis, the Government and the IMF, have the responsibility of ending and reversing the social catastrophe that today is going through a growing portion of Argentine society," Fernandez said in a statement after meeting for more than one time with the mission of the IMF that is visiting Buenos Aires .

Argentina received a loan of 56.3 billion dollars that has not yet been fully paid. The disbursement schedule includes one of 5.4 billion for September, as long as the IMF mission approves. Fernández, who attended the meeting accompanied by his economic team, rejected the continuity of the economic program agreed by the IMF and the government of Mauricio Macri.

"The loan received by the country and the set of conditionalities associated with it have not generated any of the expected results: the real economy has not stopped contracting, employment and the situation of companies and families getting worse, inflation has not It has had a sustained downward trajectory and public indebtedness has not stopped growing, "said the Peronist candidate in the post-meeting statement.

After imposing on Macri for 47 to 32% in the primary of August 11, Fernandez is seen by many of the Argentines as the impending president , although the government maintains that the election that matters is that of October and that in it will reduce distances to define the presidency in a ballot on November 24.

Fernández's triumph was received the next day with a devaluation of the peso of more than 25% and a historic fall in the stock market, as well as a shot of the "country risk" index. The value of the dollar, the most important price of the Argentine economy, is subject to political dispute. After hours in which he went from 47 pesos to more than 63, the Peronist candidate said that 60 "is fine", although a few days later he raised 51 pesos as the right value for the dollar.

Fernández claims that the responsibility of the economy is Macri's, that he is only a candidate. And, although formally he is right, each statement of his has a strong effect on the numbers of the country's economy. His frontal criticism of the agreement with the IMF puts pressure on the final stretch until the elections and the transfer of command on December 10 .

Beyond whether or not he can win the elections, if he arrives on December 10, Macri will become the first democratic and non-Peronist president in 91 years to complete his presidential term. An economic debacle, which the new finance minister, Hernán Lacunza , seeks to avoid, would make it very difficult to meet that goal.

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  • IMF
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