In a somber televised address to the country on Tuesday, Argentine President Mauricio Macri announced his government would open talks with the International Monetary Fund, reportedly to seek $30 billion of support for his country's ailing economy.
Macri said the move was necessary to “avoid crises like the ones we have had in our history”. The news came as a shock in Argentina, where many blame the IMF for exacerbating the catastrophic economic collapse of 2001.
Hours after the news broke, protesters had gathered outside the Congress Building in downtown Buenos Aires with posters saying “No to the IMF” and “IMF=Austerity”.
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