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Another request for help to the IMF, between the recession and the threat of the governors

by Chief editor of world-today-news.com

Buenos Aires, Argentina Four governors​ from provinces united in opposition to national government policies are meeting in Córdoba following President Javier Milei’s veto of a law aimed at restoring coparticipation funds-a share of tax revenue-to their regions. ‌The governors ​of Córdoba, Juan Schiaretti;⁢ Santa Fe, Maximiliano ‍Pullaro; Entre Ríos, Gustavo Bordet; and Jujuy, Raúl Jalil, are reportedly seeking a unified strategy to address the financial strain on their provinces and are continuing to insist on the three original initiatives related to the funding dispute.

The situation unfolds against a backdrop of economic challenges, including a deepening recession and increasing ⁤pressure on the government to secure further assistance from the International Monetary Fund (IMF). ⁣Sources within the management acknowledge‌ growing unrest, especially in the Buenos Aires Conurbano, where “the ‍fuse ‌is short,” as one official stated​ this week.

Human Capital Minister Sandra Pettovello has directed the Labor Ministry to expedite the homologation of wage increases agreed upon in parity negotiations. This move comes⁤ as‌ Labor Secretary Julio Cordero ‌navigates pressures from the economy and directives from his superior. Cordero is also facing scrutiny related⁤ to a judicial case alleging a “criminal plan” ‌to intervene​ in the rural workers guild, a case involving figures previously linked to the Menem, Lule, and Martín administrations.

Meanwhile,​ labor unions are displaying a divided front. While some leaders, like UOCRA‌ head Gerardo Martínez and truck⁢ drivers’ leader Hugo Moyano, have signaled a willingness to​ compromise on ‌wage demands-with Moyano endorsing a third parity agreement below the inflation rate-more combative ⁢union groups are⁤ planning to ​escalate protests and push the CGT (General⁢ Confederation of Labor) towards a‌ general strike after the October 26 elections. A seasoned trade unionist emphasized the need to prevent “the country [from] going to shit,” reflecting a broader concern about⁤ economic⁤ stability. The outcome of the upcoming elections is expected to considerably influence the trajectory of Milei’s administration.

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