03:29Argentina: 'It will be impossible to pay' - Kirchner slams IMF proposals as obstacle to growth during rally in Buenos Aires
Argentine Vice President Cristina Kirchner criticised the International Monetary Fund (IMF) economic proposal, alleging that the programme reached with the entity is holding back Argentina's economy.
Footage filmed on Thursday features thousands of people participating in a commemorative Revolution Day event at Buenos Aires' historic Plaza de Mayo. Event participants can be seen marching, carrying puppets and banners to support the Kirchner government.
"If we, the Argentinian people, do not achieve that this programme, that the International Monetary Fund imposes on all its debtors has been set aside and allows us to develop our programme of growth, industrialisation, and technological innovation. It will be impossible to pay for it for more," Kirchner addressed the rally .
The Argentine authorities before the IMF intend to obtain an advance of more than 10 billion dollars in the coming months to reinforce the Central Bank's reserves. It aspires to obtain a little more than 10 billion dollars in two tranches with disbursements in June and September.
"The dead people do not pay their debts. They believe that they will be able to pay it only with commodities... Forget about it", Kirchner added.
IMF continues to press for austerity measures, although this option is limited by the generalised impoverishment of the country, according to local media.
Both the Argentine economic leadership and the IMF technicians reportedly aspire to 'agree on a set of measures that together will make it possible to reach December with stability'.
From May 18 to May 25, 1810, Buenos Aires experienced a series of political events known as the 'May Revolution', which led to the city's split from Spain, Viceroy Baltasar Hidalgo de Cisneros's ouster, and the installation of the Primera Junta (a municipal government).
03:29Argentine Vice President Cristina Kirchner criticised the International Monetary Fund (IMF) economic proposal, alleging that the programme reached with the entity is holding back Argentina's economy.
Footage filmed on Thursday features thousands of people participating in a commemorative Revolution Day event at Buenos Aires' historic Plaza de Mayo. Event participants can be seen marching, carrying puppets and banners to support the Kirchner government.
"If we, the Argentinian people, do not achieve that this programme, that the International Monetary Fund imposes on all its debtors has been set aside and allows us to develop our programme of growth, industrialisation, and technological innovation. It will be impossible to pay for it for more," Kirchner addressed the rally .
The Argentine authorities before the IMF intend to obtain an advance of more than 10 billion dollars in the coming months to reinforce the Central Bank's reserves. It aspires to obtain a little more than 10 billion dollars in two tranches with disbursements in June and September.
"The dead people do not pay their debts. They believe that they will be able to pay it only with commodities... Forget about it", Kirchner added.
IMF continues to press for austerity measures, although this option is limited by the generalised impoverishment of the country, according to local media.
Both the Argentine economic leadership and the IMF technicians reportedly aspire to 'agree on a set of measures that together will make it possible to reach December with stability'.
From May 18 to May 25, 1810, Buenos Aires experienced a series of political events known as the 'May Revolution', which led to the city's split from Spain, Viceroy Baltasar Hidalgo de Cisneros's ouster, and the installation of the Primera Junta (a municipal government).