INSUBCONTINENT EXCLUSIVE:
agreement with the International Monetary Fund
They emphasized that fighting inflation has become a state policy in Argentina.The approved decree enables negotiations for a new Extended
Fund Facility with generous terms
The arrangement offers a repayment period of up to 10 years with a 4.5-year grace period.Officials plan to use these funds to cancel debt
The South American nation has participated in 22 IMF programs throughout its history.The government asserts this new agreement will
strengthen international reserves and reduce public debt
Deputies Approve IMF Decree Amid Economic Transformation
(Photo Internet reproduction)His policies include slashing public spending, reducing state subsidies, and devaluing the peso by more than
recently recorded its first quarterly fiscal surplus in nearly two decades
Monthly inflation has fallen from 25.5% in December to single digits now, though annual inflation still hovers around 290%.Protesters
gathered near the legislature Wednesday to oppose the IMF deal and austerity measures
maintains that economic stability forms the foundation for eliminating inflation permanently
Milei repeatedly pledged to remove currency controls that have restricted foreign investment since 2019
rebounding with 5% growth in 2025
But in reality the economy only contracted by 1.7%
Ministers hope improved agricultural harvests and energy exports will drive this recovery.
