The most important OAS bloc in the Americas has grown too dependent on the USA, while the “interventionist” IMF shares the blame for Argentina’s economic crisis.

Washington has a long history of placing sanctions and political interventions in Central and South American nations, as well as backing coups led by the US-friendly strongmen in the region.

Last month, an OAS mission heavily criticized the presidential election in Bolivia, in which socialist incumbent Evo Morales, an ardent critic of US foreign policy, was declared winner.

The OAS must regain its true nature. Right now it looks more like a North American organization, rather than an inter-American one.

A lawyer by training, Fernandez beat incumbent Mauricio Macri in late October amid a severe economic crisis and the inflation rate surging above 50%.

Low-income Argentinians have staged nationwide protests against austerity measures, proposed by Macri and backed by the International Monetary Fund (IMF).

The president-elect said it took Buenos Aires decades to pay off all foreign loans in order to finally get rid of the IMF and its traditional interventionist policies like ‘I give you money and you do what I say bribery.”

But then Macri undid all the progress by securing a hefty $57 billion loan, he claimed, adding that he warned his political opponent against bargaining for such a large sum.

Why did the IMF give this money? They did it to support Macri, so he could remain president. His was the most expensive political campaign in Argentinian history.

In the first decade of this century, during the “so-called golden age of progressive politicians,” such as Morales of Bolivia, Lula da Silva of Brazil, Hugo Chavez of Venezuela.

But also Jose Mujica of Uruguay, Michelle Bachelet of Chile, Nestor Kirchner and Cristina Fernandez de Kirchner of Argentina, and Correa himself help to increase equality for its citizens.

Income inequality decreased significantly in these LA countries during this decade because the democratic socialist governments made their goal to do so.

RT. com / ABC Flash Point News 2019.

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