President Javier Milei announced that he will seek congressional support for a new programme his government is negotiating with the International Monetary Fund. He said that his administration would use IMF money so that Argentina’s Treasury pays down part of its debt with the Central Bank in an effort to clean up the monetary authority’s balance sheet. Milei also affirmed the future agreement would allow his government to move toward a “more free and efficient” currency policy framework, marking an end to currency and capital controls that have deterred foreign investment since beginning in late 2019.
March 3, 2025
SOURCE: BUENOS AIRES TIMES
Milei to seek Congress support for IMF deal ‘in coming days’