The ongoing rise in poverty rates in Argentina persists despite political assurances and a substantial emergency loan from the IMF.

Individuals with disabilities in Argentina are facing severe challenges due to the austerity measures imposed as conditions for the IMF’s recent $56 billion loan to the country.

The economic situation in Argentina is currently precarious, with little hope for immediate improvement. As confidence in emerging markets dwindled last year, Argentina was compelled to seek assistance from the IMF through an urgent loan. Although the government has maintained social program funding, the current austerity policies are putting significant financial pressure on many of the country’s most vulnerable populations. This deteriorating scenario is pushing more Argentinians into poverty as they lose employment and struggle to meet their basic needs. The escalating crisis is driving more individuals onto the streets as they are faced with the harsh choice between shelter and food. In 2018, Argentina’s poverty rate increased by 6%, reaching nearly one in every three individuals.

Despite the $56 billion IMF loan that Argentina secured last year, public debt has surged. This trend is also reflected in the rising poverty and unemployment rates, which have notably escalated post-loan approval. Additionally, Argentina’s GDP has declined by 5.8% as of the first quarter of 2019. The country’s current 12-month inflation rate stands at approximately 57%, exacerbating the economic turmoil.