2023-05-18 15:57:44
the vice president Cristina Kirchner returned to the charge this Thursday once morest the Government of Cambiemos for the loan granted to the International Monetary Fund. He did so by sharing a video regarding the opinion that denounced irregularities in the framework of the agreement signed in 2018 by Mauricio Macri. “It is scandalous what they did and what happened”wrote.
After the letter in which she announced that she will not be a candidate for the Front of All In which she also provided an analysis regarding the serious economic situation affecting the country, the vice president insisted on the subject once more.
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It is that this Thursday, May 18, he shared a tweet with two institutional videos of the General Audit of the Nation, which details the irregularities detected by the agency regarding the agreement signed by former President Mauricio Macri with the multilateral organization in 2018.
“What you will see and hear in this 5:16 minute video It is not the opinion of a political party or an opposition leaderis the result of report approved by the General Audit of the Nation detailing the enormous number of violations of the law committed in the granting and subsequent execution of the loan from the International Monetary Fund,” wrote the head of the Senate.
Below, in a second paragraph, he commented that “the General Audit Office of the Nation is the constitutional body that, by article 85 of the Magna Carta, has control of legality, management and auditing of all state activity.” And he added: “Look at him! It’s scandalous what they did and what happened!”.
what the videos say
The video tells that for the first time in 30 years, the AGN made a report to study the Stand By program. He maintains that it was a extraordinary and exceptional loanwhich multiplied 127 times Argentina’s borrowing capacity with the Fund.
The video, which is a summary of the most important aspects, maintains that “commissions and expenses were paid to the IMF for more than 13 billion pesos” and that, then, the objective of the study was “to evaluate if it was managed through processes that ensure the efficiency of the debt.”
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In a report, approved by the Audit Office, it was revealed that the Finance Minister had no powers to manage or authorize public debt. At the same time, the financial administration law was not complied withdid not pass through Congress nor was the applicable procedure applied for this type of agreement, as ruled by the AGN.
In addition, it maintains that the Cabinet Office did not intervene despite having the specific function of doing so, nor did the Ministry of Finance, which had the power to sign. “There was no analysis of financial costs and risksinconsistencies were detected in the totals reported in 2018 and 2019 and considerable and continuous capital outflows, with late implementation of measures to avoid them,” the report states.
Cristina Kirchner once once more criticized the agreement with the IMF that Macri signed.
In conclusion, the video maintains that the processes and procedures applied by the Government when signing the loan “they did not ensure efficiency and effectiveness in debt management.”
political responsibility
In a second video, the AGN outlined a timeline of the political action behind the loan. From there it emerged that the signatories were the president of the Central Bank and the Minister of Finance, who had no powers to do so. “In one day, the former Finance Minister’s resignation is accepted, he is appointed in commission as president of the Central Bank and signs the agreement with the International Monetary Fund (IMF)),” says the story.
“Since public debt transcends generations, a loan of such exceptional magnitude and impact is expected to beis managed with the utmost prudenceto (…) to achieve efficiency in risk management and effectiveness in regulatory compliance”, he continues.
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