Argentina’s Congress gave President Javier Milei the green light to reach a new IMF loan agreement, on top of the $44 billion Buenos Aires already owes the lender. The amount of the prospective loan to South America’s second-biggest economy — which has been bailed out by the IMF 22 times, despite several debt defaults — has not yet been disclosed. The vote on the IMF loan took place as thousands of protesters gathered near the legislature to protest Milei’s draconian austerity measures and his negotiations with the IMF.
March 19, 2025
SOURCE: UK FINANCE
Argentina’s Milei wins Congress green light for new IMF loan