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Maximo Kirchner Quits Argentina Congress Role in IMF Protest

  • VP’s son resigns as head of ruling party’s lower house bloc
  • Kirchner says he doesn’t agree with government’s IMF strategy
Maximo Kirchner, a lawmaker of the Front for Victory party, listens during a session of the lower house of Congress in Buenos Aires, Argentina, on Tuesday, March 15, 2016.
Maximo Kirchner, a lawmaker of the Front for Victory party, listens during a session of the lower house of Congress in Buenos Aires, Argentina, on Tuesday, March 15, 2016.Photographer: Diego Levy/Bloomberg *** Local Caption *** Maximo Kirchner
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Argentina’s tentative agreement with the International Monetary Fund suffered an early setback Monday when the ruling coalition’s leader in the lower house resigned in protest over the deal announced by the government last week.

Maximo Kirchner, the son of powerful Vice President Cristina Fernandez de Kirchner, announced the move in a lengthy statement Monday. The congressman, who will nonetheless remain a lawmaker, cited the government’s negotiations with the IMF to reschedule payments on over $40 billion in outstanding debt as reason for his departure.