Bregman proposes breaking with the IMF and calls for a Constituent Assembly

Lawmaker Myriam Bregman once again crossed swords with Javier Milei’s government and proposed «breaking with the International Monetary Fund» and repudiating the debt «in a sovereign manner.» She said this in an interview with Crónica, El Streaming, where she also called for «kicking the board to the left» and for a Constituent Assembly. Her statements come amid strong criticism of the adjustment and the handing over of resources, while official agencies show the weight of financial commitments with the IMF.

What Bregman said and who she is targeting

In the interview, Bregman argued that «Milei won by kicking the board to the right; I want to kick the board to the left.» For her, the government has the backing of Donald Trump and the international far right, so «threatening him does nothing.» «It is a far-right government, it has the backing of Trump and the world’s far right. Telling him ‘Watch out, the bogeyman is coming’ does nothing: you have to defeat him,» she stated.

She also questioned the building of «anti» political fronts and demanded self-organization: «No one owns anyone’s votes.» Regarding Cristina Kirchner, she kept her distance but considered that «she is unjustly imprisoned.» And about the dictatorship, she maintained that there was a genocide and that the «complete memory» discourse represents a defeat for the government.

The proposal to break with the IMF: what it implies

Bregman proposed «breaking with the International Monetary Fund: repudiating that debt in a sovereign manner. It is a debt that has been paid a thousand times.» According to her, it is «a scam.» She also proposed a «free and sovereign» Constituent Assembly to discuss the foundations of the «country’s subjugation.»

This proposal is not new in the left-wing space, but it gains relevance at a time when Argentina faces maturities with the organization. According to official IMF data, projected payments for 2026 amount to 2,082,529,842 SDRs (Special Drawing Rights), the Fund’s unit of account. For 2027, the total is 5,650,460,371 SDRs, and for 2028, 7,004,829,747 SDRs.

What the IMF numbers say and how they impact

The primary source is the IMF’s projected payments table, updated as of June 30, 2026. It details amounts in SDRs, not in pesos or dollars. It is not converted to other currencies because the official SDR exchange rate as of the publication date of this note is not available, and doing so without that data would be speculative.

The maturities include basic charges, surcharges, and principal repayments (GRA Repurchase). For example, for August 1, 2026, a payment of 165,261,051 SDRs for surcharges, 360,329,108 SDRs for basic charges, 61,972,895 SDRs for temporary surcharges, and 35,051,650 SDRs for net SDR charges is scheduled. On September 25, 2026, a repayment of 583,333,333 SDRs.

The context: the March of Anger and record profits

Bregman’s statements come in parallel with a call by the PTS-FITU and other organizations for a «March of Anger» on September 19. According to an article in La Izquierda Diario, the mobilization seeks to «win the streets» and «begin to build the conditions to impose a general strike.»

That same article, signed by Gastón Remy, an economist and provincial deputy of the PTS-FITU in Jujuy, notes that in August, balance sheets of companies in Jujuy were published with record profits. The lithium miner Exar had a gross profitability of 205 million dollars in the first half, twelve times what the state collected in royalties from the fourteen mining companies in the province. The Ledesma group, for its part, improved its productivity in the 2025 harvest, but with 330 fewer workers.

These data are not confirmed by other independent sources in the provided material, so they are presented as what they are: statements from an opinion article.

Practical impact: who it affects and since when

The proposal to break with the IMF, if carried out, would have immediate, conditional, and uncertain effects. Below is a list of concrete consequences according to the sources:

• Immediate: Argentina would stop paying its maturities with the IMF, which would free up fiscal resources in the short term. According to the IMF table, in 2026 payments total 2,082,529,842 SDRs, equivalent to about 2.9 billion dollars (at an approximate exchange rate of 1.4 USD per SDR, but without an official rate it cannot be specified).
• Conditional: Default with the IMF could trigger financial reprisals, such as the cutting of credit lines from other international organizations or a rise in country risk. This would affect companies and provinces that depend on external financing.
• Still uncertain: The impact on inflation and the exchange rate would depend on how the measure is implemented and the reaction of the markets. There is no data in the sources to project these effects.

What to keep an eye on

The key data point to follow is the evolution of maturities with the IMF and the government’s stance on that burden. According to the official table, payments increase year by year: from 2.082 billion SDRs in 2026 to 7.792 billion in 2029. This means that, if not renegotiated, the weight of the debt will be growing. It is also relevant to observe whether the September 19 call achieves massive adherence, as that could indicate a change in the social climate.