Thousands protest in Argentina against austerity measures amid IMF loan approval

Thousands of pensioners, union members, and civil organization representatives protested outside Argentina’s Congress against President Javier Milei’s budget cuts and IMF negotiations. The protests come as lawmakers approve a new IMF loan, fueling concerns about austerity and its social impact.

Thousands of pensioners, union members, and civil organization representatives rallied outside Argentina's Congress on Wednesday, protesting against President Javier Milei’s controversial budget cuts and his ongoing negotiations with the International Monetary Fund (IMF). The demonstration was fueled by demands for improved pensions, the reversal of cuts to free medications, and an end to the austerity measures that have severely impacted retirees.

Maria Alejandra Bagaler, a protester, expressed her frustration with the government’s policies, saying, "I came because our parents deserve it, they’ve worked their whole life, and it’s an abuse what they’re doing. It’s a shame what’s happening in Congress, so it must end."

The protesters, who have gathered weekly for months, were joined by social and labor organizations in a unified stand against Milei’s fiscal policies. Despite a heavy police presence, with more than 2,000 officers deployed, the protest remained relatively calm compared to last week’s violent demonstrations, which saw dozens injured and many arrested.

While the protest continued, the Argentine lower house of Congress approved Milei’s request to secure a new loan agreement with the IMF, which is in addition to the $44 billion the country already owes. The loan, officials say, is aimed at boosting Argentina's central bank reserves and helping cover looming debt payments, providing much-needed temporary financial relief.

However, critics argue that the austerity measures tied to the loan will harm Argentina’s most vulnerable populations. Although inflation has slowed since Milei took office, poverty levels have risen, and many fear the long-term social impacts of further budget cuts.

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