So the IMF that fucked our country in the first place "praise" the dude who is gonna make everything in his power to pay them back (no matter the cost), shocking. Let's see what else did the IMF say:
1) "To overhaul the beleaguered economy, Milei has slashed public sector wages, eliminated thousands of state jobs, f
rozen public works projects and cut subsidies. He has also devalued the nosediving peso currency by over 50%, helping it stabilize but causing the prices of basic goods to skyrocket."
You know what happened because of this? He didn't finish a $45m project to get gas for the country so he ended up spending hundreds of millions to import liquid gas, while the country suffered cuts all around, and with no solution for this winter which hasn't even started.
2) "Although brutal for Argentina’s poor and middle classes, the market-friendly overhaul has “resulted in faster-than-anticipated progress in restoring macroeconomic stability and bringing the program firmly back on track,” the IMF said, thanking Argentine authorities for “the decisive implementation of their stabilization plan.”"
So, again, they're thanking him because they'll get their money back at the expense of the poor and middle classes, how great!
3) "However, it warned that the quality of the adjustment and Argentina's monetary framework must be improved.
Addressing challenges, the IMF said that “social assistance” should be “strengthened as needed” and warned that blocks on productivity, private investment and formal employment must be tackled."
None of this is happening: social assistance is barely covering inflation, private investment is not only $0 so far but also thousands of companies are firing people, the private sector has fired more people than Milei in the public sector. Literally nothing is being done to help formal employment, on the contrary: they want to pass legislation that legalizes and facilitates informality.
4) "Earlier this week the IMF
slashed its forecast for Argentina's 2024 GDP to a 2.8% contraction from a previous view of a 2.8% expansion, mostly due to the expected effects of the new government's proposed reforms."
So the IMF is praising someone who changed their forecast 5.6% points on the negative? Hm, interesting.
Tell me, Foxi dear, how will the wages recover now? How will consumer spending do it? Industrial activity is at an all time low, losing 15% interanual only in April. But that can't be possible! The
government said the 8,4% from March was the lowest point!
Fuck right off mate, it's easy to support these shitty experiments when you're not the one living through them.
Also, fun fact: Milei won thanks to his alliance with the PRO party (Macri), party that took the +$50 billion loan that we're now struggling to pay. Good thing he was a new voice against the politician breed! The IMF also said they should've never given that loan. But good thing they're praising Milei now!