IMF Warns Argentina Not to Dawdle on Incremental Economic Reform
- Western hemisphere chief also says Milei plan carries risks
- Fund sees 2.3% average economic growth in region this year
This article is for subscribers only.
Argentina has no time to make gradual economic adjustments as it faces soaring consumer prices and its sixth recession in a decade, according to a top International Monetary Fund official.
With just a week to go before a key presidential election, annual inflation has spiked to 138%. The central bank was forced from the sidelines and raised its policy interest rate by 15 percentage points to 133% in response.