IMF Approves $800 Million for Argentina as Milei Eyes New Deal
- IMF executive board approved latest staff-level agreement
- Milei seeks new program with fresh funding to lift FX controls
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The International Monetary Fund’s executive board approved the latest review of Argentina’s $44 billion program Thursday, unlocking another disbursement as President Javier Milei eyes a new program with fresh funding.
IMF leadership approved a staff-level agreement that will send about $800 million to Argentina to help refinance debts the South American nation owes the Washington-based lender. IMF officials applauded Milei’s economic program, which has eased monthly inflation for five straight months, albeit as another recession threatens the country.