Argentina Wins Key IMF Support With Deal to Unlock $4.7 Billion
- IMF praises President Milei’s ‘ambitious stabilization plan’
- Argentina says measures will take country on right path
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The International Monetary Fund gave President Javier Milei’s economic plans a vote of confidence by approving a review of Argentina’s $44 billion program that will likely unlock a larger-than-expected loan disbursement.
The deal, if backed by the IMF’s executive board, will give Argentina access to $4.7 billion, the Fund said in a statement late on Wednesday. That’s more than the $3.3 billion initially expected, and it buys Milei time to honor debt repayments to the Fund before deciding whether to continue with the current program brokered by his predecessor or negotiate a new one.