“It must be done in a pragmatic way in order to secure social and political support, which are crucial in guaranteeing the durability and efficacy of [economic] reforms.”The IMF official met with numerous sectors during her visit to Buenos Aires. International Relations Secretary of the General Confederation of Labor (CGT, for its Spanish initials) Gerardo Martínez was one of those who met with Gopinath. After their meeting, he said that the central union’s goal was to inform the IMF official of their “concern” over the impact the government’s economic measures are having on labor. There are no measures to address income, which has an impact on economic activity,” he said to news agency Télam. Social benefits and retirement pensions saw the deepest cuts, falling by 29% and 38% respectively.

Source: Bueno Aires Herald February 23, 2024 16:31 UTC