Reuters. Thousands of Argentine worker and social organisations flooded Buenos Aires' main avenues to protest against hunger and the measures adopted by the government to comply with the International Monetary Fund (IMF) $44 billion loan deal on Wednesday (May 17).
"There’s no work, (jobs) are precarious and not even soup kitchens have the basic," said lawmaker in the Buenos Aires Congress Gabriel Solano.
Groups from all over the country left on Tuesday (May 16) to go to the capital, where they will later set up an encampment in the Plaza de Mayo to put pressure on the Ministry of Social Development.
Argentina's Economy Ministry announced a package of measures on Sunday (May 17) including new interest rate hikes, more central bank intervention in currency markets and fast-tracked deals with creditors after inflation overshot all forecasts last week.
The country's inflation hit 109% in April. The inflation rate has accelerated despite price controls and regular rate hikes, raising fears of a return to hyperinflation that hit the country just over 30 years ago, the last time 12-month price increases went into triple digits.
