Gerardo Martínez Critiques IMF Policies in Washington

During a conference in Washington, Gerardo Martínez challenged the IMF's Kristalina Georgieva on Argentina's adjustment measures, advocating for growth with social inclusion amid economic reforms.


Gerardo Martínez Critiques IMF Policies in Washington

The Secretary of International Relations of the CGT, Gerardo Martínez, expressed his stance at a conference with the director of the IMF, Kristalina Georgieva, raising concerns about the "intensity of the adjustment" and advocating for an approach of "growth with social inclusion".

Martínez, representing the High-Level Group of the International Trade Union Confederation, met in Washington with the IMF and the World Bank. During the meeting, he emphasized that the political and economic changes in Argentina are generating expectations at the international level.

In his speech, Martínez criticized the government strategy based on fiscal balance and exchange rate stability, pointing out that the adjustment has negatively impacted various areas such as pensions, public works, subsidies, and public salaries.

The trade unionist emphasized the importance of dialogue and respect for labor rights as fundamental elements for sustainable economic development. Furthermore, he highlighted the negative social consequences of extreme adjustment policies, such as the lack of demand in the industry and job precariousness.

Martínez concluded his intervention by asking how the IMF can collaborate in an effective social dialogue that takes into account the perspective of workers in the search for growth that guarantees decent work, social justice, and respect for fundamental rights. He also urged to prevent the economic recovery from excluding vulnerable sectors and benefiting only those who engage in financial speculation.

In summary, Martínez's stance was based on the need for an economic approach that prioritizes the well-being of the population and fosters equitable development, avoiding financial practices that have historically harmed Argentine society.