Milei Signs Executive Decree to Back Argentina’s IMF Program

President Javier Milei signed an emergency executive decree Monday to mandate a new deal between Argentina and the International Monetary Fund, signaling that a staff-level agreement is closer than ever.

Under Argentine law, Congress has to approve of any new IMF program. But rather than send lawmakers a bill for their approval, as his predecessor did, Milei issued an executive order that will go into effect unless it is overturned by both chambers of Congress. Approval in a single chamber will also cement it into law.