Argentines come out to protest IMF on national holiday

10 July 2018

Argentines came out to protest on their national holiday Monday (July 9) in central Buenos Aires. The protests came weeks after Argentine President Mauricio Macri welcomed news that the International Monetary Fund's (IMF) executive board approved a $50 billion financing deal for Argentina.

The South American country announced it was turning to the IMF in May after a run on the peso currency. The move has been politically risky for market-friendly Macri, as many Argentines blame IMF-imposed austerity policies for exacerbating a 2001-2002 economic crisis.