July 28, 2014
Capitanich rebuffs IMF suggestion to cut energy subsidies
Asked about the International Monetary Fund (IMF) report released yesterday that suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, Cabinet Chief Jorge Capitanich rejected the Fund’s “typically orthodox and exclusive perspective”.
“We believe those are precisely the type of policies that should not be implemented”, he asserted during his daily briefing to the press from Government House. “We already know the IMF’s recipes, we are also familiar with its results, sadly”.
Capitanich said that “not having accepted the IMF’s impositions or policies has been a good choice”.
The Kirchnerite official also criticised the Fund’s policies since the 2008 global economic crisis, saying they have generated “more exclusión and more unemployment and economic stagnation”.