CADTM International supports the general strike in Argentina on 24 January 2024 and the popular uprising against debt

23 January by CADTM International

CADTM International supports the general strike in Argentina on 24 January 2024 and the popular uprising against debt. We invite you to join the drum rallies in various countries around the world. Our country is not for sale, it must be defended!

As CADTM INTERNATIONAL and CADTM - AYNA (Abya Yala Nuestra America), we express our internationalist solidarity with the struggle of the Argentine popular movement: trade union, social, environmental, human rights and cultural organizations, political parties and all those hard hit by the imposition (only a few days after the government took office) of the Mega-Decree of Necessity and Emergency (DNU), paradoxically called: “Bases for the reconstruction of the Argentine economy” and by the bill “Bases and starting points for the freedom of Argentines”, better known as the Omnibus Law.

The Executive is thus presenting to the National Congress two proposals containing 1649 articles aimed at a profound and structural reform of the Argentine State in all its institutional, organizational and political dimensions. We also affirm that this is an unconstitutional attack by the Milei government, aimed at dealing the greatest blow to working class rights since the civil-military dictatorship of half a century ago.

These government initiatives propose policies which, in Argentina and throughout the world, have always led to greater inequality, unemployment, popular disempowerment and economic and ecological destruction, leaving the people, the working class, with more exploitation, hunger, debt, depredation of nature and repression.

We support the position of the Autoconvocatoria for the Suspension of Payments and the Audit of the Debt with regard to the measures concerning the public debt and the agreements with the IMF IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.
. We also support its call for the need to activate the bicameral Commission for the Monitoring and Control of Foreign Debt to investigate, for example, the link between capital flight and indebtedness, and to put an end to the secrecy defended by the last administrations of the Executive Power and the Central Bank Central Bank The establishment which in a given State is in charge of issuing bank notes and controlling the volume of currency and credit. In France, it is the Banque de France which assumes this role under the auspices of the European Central Bank (see ECB) while in the UK it is the Bank of England.


The Autoconvocatoria for the Suspension of Payments and the Audit of the Debt, of which the CADTM is a member, also denounces the “omnibus bill that grants the Executive the unacceptable power to issue debt in foreign currency and under foreign legislation and jurisdiction, without prior control by Congress”. Continuing to go into debt to pay for previous swindles, with no demonstrated ability to pay other than through mega-adjustments or the disposal of assets that affect the sovereignty, life and very existence of the Nation, will mean yet another vain sacrifice for the Argentine people.

We are accompanying the general strike and mobilizations on Wednesday 24 January from our respective countries, because we are aware that the UND and the omnibus bill will have serious implications for the sheer respect of human rights in Argentina, since they modify and abrogate a large number of norms, many of which protect fundamental rights.

From different parts of the world, we will be at the side of the Argentine people, raising our voices and shouting “Our country is not for sale, it must be defended”.

Access the call for “cacerolazos” in different countries:

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