Between December 2019 and August 2025, US $ 12,441 million were paid In debt interest with the International Monetary Fund (IMF). Of them, under the Alberto Fernández Government And everyone’s front was allocated U $ S 7,364 million (December 2019 to November 2023), while Milei and Caputo allocated $ 5,078 million between December 2023 and August 2025.
The data arise from the Finance Secretariat and do not include the disbursements of the fund or capital payments to the agency. Between the loan stand by of Macri for US $ 57,000 million, of which $ 45,000 million were disbursed, the restructuring By a program Extended facilities in March 2022 by Alberto Fernández, Guzmán and Massa (which implies greater conditions and the partial validation of the macrista debt), and Milei’s agreement for US $ 20,000 millionof which 70%already disbursed, the Argentine debt with the agency exceeds US $ 60,000 million (among capital plus interest).
It is the most indebted country with the IMF, 5.7 times more than the second largest borrower, Ukraine, a country at war. The Argentine debt with the IMF is half of the total debt of the countries with the agency.
The amount paid only as interest to the IMF in the last five years equivalent to about $ 17 billionalmost twice The equivalent of what the Milei government He stopped allocating retirement games between 2024 and 2025 ($ 9.4 billion).
Under the IMF boot, the living conditions of the majorities were further deteriorated, with losses of the retirement that reach up to 50% in the last 10 years, and real salary falls of between 24% (private registered) and 40% (public sector), together with a loss of rights and progress of labor precariousness.
To this are added the enormous irregularities in their conformation. Since its use for the financing of capital escape by large companies during the Macri government, at the expense of the impoverishment of the working people, even directly Milei’s debt that was for DNU to avoid passing through Congress. Or, rather, he obtained his subsequent approval by the so -called “political opposition” with the inclusion of sectors of Peronism, with 129 votes in favor, 108 against and 6 abstentions.
With the DNU 179/25 Milei he authorized himself to a new indebtedness with the IMF. Even without knowing amounts, without setting a maximum borrowing amount, or knowing what the demands of the IMF will be. In addition, the approval of said DNU was held with a militarized congress, behind the back of the people.
Between April and August of this year the IMF disbursed US $ 14,000 million of that new loan. This support, together with the modification of the accumulation goals of reserves by the end of 2025 and the postponement of the review of the agreement for February 2026 gave some air to the government and allowed to support the weak exchange scheme with an overvalued weight.
However, for other windows the exit of dollars persisted does not stop. According to the BCRA exchange balance data in just four months since the signing of the agreement with the agency, the purchase of cooling for treasury reached US $ 14,730 million, exceeding the IMF disbursements.
The economic and political support of the IMF and the Trump government seeks to maintain an area of influence aligned with their interests, and that of large companies that seek to do business with the strategic resources of the country. External debt is a mechanism of domination and submission. The objectives of imperialism are in the long term, sitting conditions such as pension reforms, labor and tax tax, privatizations and the neoliberal combo that we already know, whoever is a government. Therefore, the entire political arch must reject it and must be pronounced against it.
It is told odious debt because it is full of fraudulent operations, and because it is a mechanism by which private debts (a few large companies) are transferred to society as a whole. The debt did not serve to improve the life of the people, but to finance escape, enrich banks and guarantee profits of a few. It is paid with adjustment, hunger and cuts, while the future is mortgag.
The debt cannot be negotiated a little, the semicolonial agreement must be thrown down with the fund and fight for sovereign ignorance of the odious debt, through the widest popular mobilization and the general strike.
Sovereign ignorance is not a “default”, but it is to prevent a catastrophic situation such as 2001. It is not “non -payment” isolated, since it is accompanied by national defense and currency measures such as the nationalization of the banking system and foreign trade.
We are not alone. In recent years, IMF’s policies unleashed protests in Kenya, Bangladesh, Pakistan, Ghana, Sri Lanka, Nigeria. We must appeal to solidarity and an international struggle to defeat the fondomonetarist plans that lead to misery to all countries dependent on the world.
Source: www.laizquierdadiario.com
