Argentina criticizes in the G20 that the debt with the IMF “condemns generations”

The president of Argentina, Alberto Fernandez, criticized today in his speech at the first session of the G20 leaders’ summit in Rome that the country’s high debt of more than US $ 46,000 million with the International Monetary Fund (IMF) “Condemns generations” and charged against “the capitalism of production” and “the logic of financial speculation.”

“The current system, which prioritizes speculation over the development of peoples, must change. The foreign debt that my government inherited with the IMF and that we are facing today is a clear example of what is wrong: unique in history for its amount and for its repayment conditions, approved to favor a government in the situation, ends condemning generations that look undaunted at the fate that has been imposed on them, ”he said.

“There are no innocents in that story. Those who got into debt without taking care of the ruinous consequences are as responsible as those who gave those resources to finance the flight of foreign currency in a deranged economy, “he added in his appearance, behind closed doors, according to official sources.

The Argentine president, who this Saturday will hold a meeting with the managing director of the IMF, Kristalina Georgieva, rejected his denial of capitalism, but clarified that he criticizes that model that has subjected “the capitalism of production and work to the logic of speculation financial ”.

“Social ethics must give content to the economy. The G20 must get involved in this task knowing that so much social injustice surrounds our lives, “he stressed.

For three minutes, he spoke about how the new world order should be and asked for a collective reflection so that societies flee from a model in which wealth is concentrated and poverty sinks millions of people.

“Millions of men and women live in poverty. This suffering population lives, in its vast majority, in developing countries ”, he lamented.

“In the context of the pandemic, these disparities are shocking. Almost 80% of the vaccines produced were administered in high-income countries. On the other hand, more than 60% of the population of our region have not yet completed their vaccination schedule. The vaccine is not yet a global good. This sad panorama becomes evident when we see that the mobility of people is restricted depending on the vaccine to which they could have access ”, he added.

The G20 leaders’ summit began today and will conclude tomorrow, Sunday, with a press conference by Italian Prime Minister Mario Draghi, which will summarize the agreements reached on issues such as efforts to achieve decarbonization by 2050, the pandemic and economic recovery. , and the need to pass a global minimum tax of at least 15% to prevent companies from benefiting from lower tax regimes and not paying taxes in the countries in which they operate.