IMF In Talks With Argentina on Loan to Succeed $44 Billion Deal

  • Fund announces that negotiations are underway with Milei team
  • Next program will be crisis-prone nation’s third since 2018
Javier Milei speaks in Rome on Dec. 14.Photographer: Alessia Pierdomenico/Bloomberg
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Argentina is seeking a new program with the International Monetary Fund to succeed its current $44 billion deal, a step forward in resolving one of the Washington lender’s most problematic agreements.

Chief IMF Spokeswoman Julie Kozack confirmed Thursday that President Javier Milei’s government is working toward a new program instead of finishing the final reviews of the deal the libertarian inherited from his predecessor.