US EditionArgentina receives $42 bn from international financial institutions
- Three global financial organizations declared $42 billion to aid Argentina.
- Argentina faces financial challenges and needs support to stabilize its peso.
- The IMF, World Bank, and IDB are providing funds via bailouts and deals.
- Argentina's president stated the economy will grow 'like never before'.
- The funding aims to revive Argentina's economy and support Milei's efforts.
79 Articles
79 Articles
On Friday, 11 April, the International Monetary Fund announced a new $20 billion loan. The World Bank and the Inter-American Development Bank also announced aid.
International institutions help Argentina financially. They praise the impressive progress made in stabilising the economy by President Milei. The money would also flow because the government is trusted to advance reforms.
The World Bank, the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB) announced $42 billion in aid for financially troubled Argentina on Friday, as part of a deal that will see the country lift strict currency and capital controls.
The economic situation in Argentina is still desolate. International organizations help the South American country. President Milei makes full-bodied promises.
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