IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL5.16— 0.00% USD/MXN17.00▲ 0.01% USD/CLP936.45▲ 0.24% USD/COP3,173▼ 1.10% USD/PEN3.36▲ 0.03% USD/ARS1,513▲ 0.25% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.20% USD/VES799.17▲ 0.23% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.96▼ 0.81% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Argentina Politics - Brazil

Massive protest in Argentina in demand for work

By · May 13, 2022 · 4 min read

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RIO DE JANEIRO, BRAZIL – In the midst of acute poverty and accelerated inflation, thousands of social and political activists who participated for three days in a protest march that toured part of Argentina converged on Thursday in the capital to join a demonstration demanding more work and income. and against the International Monetary Fund.

The activists are concentrated around the main railway stations and plan to protest first before different organizations such as the Ministry of Economy, and then gather in the Plaza de Mayo in front of the Government House.

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The militants who came from the north and south in the so-called “Federal March”, who since Tuesday have stopped in several provinces where they have organized protests, will tell the government of President Alberto Fernández that there is no more room for the economic adjustments they attribute to his agreement reached with the International Monetary Fund.

The activists are concentrated around the main railway stations and plan to protest first before different organizations such as the Ministry of Economy, and then gather in the Plaza de Mayo in front of the Government House (Photo internet reproduction)
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They will also demand the creation of formal jobs and better salaries in a context of accelerating inflation that has liquefied the income of many Argentines.

“We mobilize in rejection of the economic policy, the increase in poverty and in repudiation of the agreement that Argentina reached with the IMF that will bring more calamities to the Argentine people. Today, half are below the poverty line,” Marianela Navarro, of the Frente de Organizaciones en Lucha, told The Associated Press.

Argentina is immersed in a scenario of rising prices, a problem for which Fernández, a Peronist who came to power at the end of 2019, cannot find a solution. In March, inflation was 6.7%, the highest in 20 years, and 55.1% compared to the same month of 2021. In the first quarter of the year it accumulated 16.1%.

Poverty, which worsened due to the Covid-19 pandemic, affects 37.3% of Argentines, according to data from the second half of 2021, but analysts believe that it has skyrocketed due to the effect of inflation.

Participants in the protest questioned the agreement signed with the IMF in March to refinance the debt and the upcoming arrival in the country of technicians from the agency who, they said, will check that the country has complied with “orders” that imply “the reduction of public spending.”

The agreement seeks to refinance a debt of some US$45 billion taken during the presidency of Mauricio Macri (2015-2019) and contemplates the fulfillment of several goals, such as a reduction in the fiscal deficit.

The demonstrators pointed out that “the real debt is with the people” and complained that they presented proposals to the government to generate “thousands of genuine jobs” without having received a response. Many of them marched carrying banners and bibs with slogans such as “I work with dignity” and “I work with all rights.”

These groups -which benefit from precarious state labor assistance programs- demand better conditions within the framework of these aids while the Executive is closing salary increases with unions that represent different formal sectors, with increases of up to 60%.

IT WOULD INCREASE VALUE OF SERVICES

The protest also occurs while the authorities are analyzing increases in gas and electricity rates and a few hours before the April inflation rate is known, which would be close to 6%.

The claims will be heard at a time when criticism was fired for a paralysis of the presidential administration to resolve the most pressing problems due to the exhausting internal relationship between the president -on tour in Europe this week- and the vice president and former president Cristina Fernández de Kirchner (2007-2015), with a more leftist tendency and who questions the understanding with the IMF and calls for a shift in economic policy.

Economy Minister Martín Guzmán, who has the backing of the president, has ratified the plan. The official maintains that the country needs to act seriously and reach certain consensus, such as fiscal sustainability, for which it is necessary to order public accounts.

In this regard, Eduardo Belliboni, from the Polo Obrero, told AP that “Guzmán is following the IMF’s script” and that “the government’s internal problems are the government’s problem, our problems are the lack of work and a reality that cannot be endured any longer.”

Belliboni said that if the demands are not met, the protests will multiply.

Other protests have taken place in recent months, several of which have collapsed Buenos Aires with street camps of families who receive state subsidies that are insufficient for them.

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