April 11th, 2025
1. Third general strike in Javier Milei’s administration
On Wednesday and Thursday, the third general strike against the government of Javier Milei took place, called mainly by the General Confederation of Labor (CGT). The strike sought to express the rejection of the economic policies implemented by the current administration, including the fiscal adjustment, the proposed labor reform, the policies of no increase to retirees, and the privatization of state-owned companies. The unions argue that these policies negatively impact workers’ rights, purchasing power, and access to essential services, deepening social inequality. This strike adds to the growing tensions between the government and the union sectors, reflecting a strong discontent with the economic course of the country.
La Nación: ¿Hay paro general hoy jueves 10 de abril? Todo lo que hay que saber
2. IMF announces technical-level agreement with Argentina
Argentina and the IMF have reached an agreement at the technical level for a new US$20 billion financing program aimed at strengthening economic stability and restoring fiscal sustainability. Disbursements are expected to begin once approved by the IMF Board. The funds will be used to strengthen the Central Bank’s reserves and, potentially, to gradually lift the exchange rate peg. The program will focus on policies to reduce inflation, improve competitiveness and address structural challenges, although the specific details of the conditions have not yet been fully disclosed. The government is expected to continue with its fiscal and monetary tightening policy, but the new agreement could provide greater flexibility to implement long-term reforms.
Infobae: Cuenta regresiva: qué se sabe del nuevo acuerdo con el FMI y qué detalles faltan conocer
3. Trump pauses tariffs on imports for 90 days
Donald Trump announced a 90-day pause in the application of additional tariffs on imports from certain countries, including Argentina. This measure temporarily postpones the negative impact that these tariffs could have had on Argentine exports, especially in sectors such as steel and aluminum. Although the pause provides a short-term respite, uncertainty persists as to whether Trump will resume the imposition of tariffs once the suspension period is over, which could affect the competitiveness of Argentine products in the U.S. market.
Infobae: Aranceles: cómo impactará en la Argentina la pausa por 90 días que anunció Donald Trump
4. March inflation was 3.7%
Inflation in march failed to break the 2% barrier and stood at 3.7%, accumulating an increase of 55.9% in the last 12 months. At the same time, in the first three months of the year, prices rose 8.6%, according to the National Institute of Statistics and Censuses (Indec).
Indec: Índice de precios al consumidor
5. Chamber of Deputies creates investigative commission for $Libra case
In a session that, until the last minute, seemed that it would not have a quorum to start, the Chamber of Deputies approved the creation of an investigative commission for the $LIBRA crypto scandal (to be chaired by Unión por la Patria), the interpellation of several officials (Chief of Cabinet Guillermo Francos, Minister of Economy Luis Caputo, Minister of Justice Mariano Cúneo Libarona, and head of the CNV Roberto Silva), and a request for reports to the executive power on the same issue. However, they did not reach a consensus to include in the interpellation President Javier Milei, Secretary of the Presidency Karina Milei, and Presidential Spokesman Manuel Adorni. The officials summoned must attend the Congress on April 22, and the investigative commission must be constituted on April 23.