Argentina expects IMF board approval for $20 billion deal
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The fresh cash gives Milei a serious shot at easing Argentina’s strict foreign exchange controls, which could help convince markets of his program’s sustainability.
From The Associated Press - Business News
The International Monetary Fund on Tuesday said it has reached a preliminary, staff-level agreement with cash-strapped Argentina on a $20 billion bailout package, providing a welcome reprieve to libe...
From Houston Chronicle
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The lending organization is poised to approve a $20 billion loan to aid President Javier Milei’s libertarian administration.
Argentina's pending $20 billion deal with the International Monetary Fund will bring libertarian President Javier Milei the tool he wants to unlock investment-blocking capital controls and a return to the global market: a "mountain of dollars".
Argentina is bracing for fresh austerity protests Wednesday, with a 24-hour general strike slated to start at midnight against President Javier Milei, who remains focused on Washington and a new IMF loan.
IMF staff and the Argentine authorities have reached a staff-level agreement on a comprehensive economic program that could be supported by a 48-month arrangement under the Extended Fund Facility (EFF) totaling US$20 billion (SDR 15.
While the world’s leaders were wringing their hands over Trump’s sweeping tariffs on U.S. imports, Argentina’s Javier Milei was ebullient, feted at Trump’s Mar-a-Lago club.
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