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Home News World

Protests in Argentina over poverty and widespread unemployment

by District Focus
September 18, 2021
in World
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Protests in Argentina over poverty and widespread unemployment
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By Abdul Kimera

On Thursday 16th, tens of thousands of Argentines marched in the national capital Buenos Aires over weak economy in the country.

The latin American country  has a debt of over million US dollars in the international monetary fund which saw its GDP decline to 9.9% last year.

The protests saw citizens demanding for jobs, increased food subsidies and also the crippled economy facilitated by the poor handling of the corona virus pandemic.

These protests have been mostly blamed on president Alberto Fernandez administration that has failed to deliver its promises since it came to power.

Though the government predicted an economic growth of 4% and the inflation of 33% for 2022, over the last weekend its representatives suffered a huge blow in the primaries ahead of the November 14th parliamentary elections.

The Peronist front has the majority in the senate at the moment and hoping to achieve the same in the lower house according to last Sundays Paso primaries elections that showed the ruling coalition gaining less than 31% of the vote.

The south American second economy led by its president is in the middle of talks with the IMF to renegotiate a $45billion loan.

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