Argentina paralysed by anti-IMF deal strike

AFP  |  Buenos Aires 

Argentina's unions paralysed the country with a 24-hour strike today in protest of the government's deal with the

With no trains, subways, buses or flights in service, organizers expected at least one million workers to take part in the action.

Although the (CGT) called only for a strike, more radical groups organised demonstrations that cut off access to

Toward 7:00am (local time), activists began to close off the main routes into the capital where hundreds of were deployed. Most of the city was deserted, including schools.

"The strike is against the economic program ... The IMF has always brought hardship to the Argentines," CGT told AFP. The unions are demanding that salary negotiations for this year be reopened in order to align them with projected inflation, calculated at 27 percent by the central

Negotiations mostly took place at the start of the year, when the annual inflation target was 15 percent -- a goal which had been abandoned by May. In the interest of maintaining dialogue with the unions, said his office was in favor of such negotiations.

Following a currency crisis in April and May, the IMF announced the $50-billion standby loan in early June after Latin America's third-largest economy sought help to bolster market confidence.

has a bitter history with the global crisis lender, which many Argentines view as having imposed tough conditions that worsened economic pain 17 years ago.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 25 2018. 20:20 IST