Argentina Strikes $20 Billion Deal With IMF To Fuel Milei’s Reforms
“But over the past 16 months, the IMF has increasingly praised Milei’s approach, stating that his policies have “resulted in faster-than-anticipated progress in restoring macroeconomic stability.”
Since taking office in December 2023, Milei has rolled out sweeping austerity measures aimed at fixing Argentina’s long-standing economic dysfunction. His administration cut public spending, fired tens of thousands of public employees, eliminated several public ministries, froze infrastructure projects, and slashed subsidies, among other reforms.
The fresh funds are expected to give Argentina some financial breathing room to continue with its reforms. According to the IMF, the latest agreement “supports the next phase of Argentina’s homegrown stabilization and reform agenda aimed at entrenching macroeconomic stability, strengthening external sustainability, and unlocking strong and more sustainable growth.””
https://reason.com/2025/04/09/argentina-strikes-20-billion-deal-with-imf-to-fuel-mileis-reforms/