The impact of foreign debt and harsh austerity on Argentina's social protection system

Argentina’s recent economic policies, driven by IMF debt repayment and fiscal austerity, have led to a significant deterioration in social protection systems and living conditions. Pension reforms have reduced retirees' purchasing power, while widespread dismantling of care policies has disproportionately affected women and LGBTIQ+ individuals. A severe food crisis has emerged, with over half of households with children reducing essential food purchases. Consequently, poverty rates have surged from 41.7% to 52.9% in early 2024, affecting over 15 million people. These changes, reflecting a shift towards minimal state intervention in social welfare, have exacerbated existing inequalities and created new vulnerabilities, particularly impacting informal workers, women, and children.