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> Is the Argentinian inflation being "fought" by any government program?

Nope, the government loves inflation, as it reduces its debts and they can print all the money they want to pay for that. Politicians live in a different world than the average person, inflation is not an issue for them.

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This is only the case if the bonds get issued in the country‘s currency. Argentina doesn’t have that luxury[0].

In the long run, if a government devalues its currency too much, investors lose trust, and the country cannot borrow money in its currency. Not necessarily a problem for current politicians since they will be out of office by the time the trust is lost.

0: https://www.reuters.com/article/idUSKBN26S07N

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