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Argentina's Milei wins Congress green light for new IMF loan

  • Argentina's Congress authorized President Javier Milei to negotiate a new IMF loan to aid the central bank's foreign currency reserves and debt payments, despite existing debts totaling $44 billion.
  • The vote passed in the Chamber of Deputies with 129 in favor, enabling Milei to finalize the agreement amidst public protests against austerity measures.
  • Inflation rates in Argentina fell from 211% in late 2023 to 66% currently, following Milei's cuts to public spending.
  • Thousands protested near the legislature against Milei's austerity measures and IMF negotiations, with the demonstration reportedly larger but more peaceful than previous weeks.
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  • 45% of the sources are Center
45% Center
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The Straits Times broke the news in Singapore on Wednesday, March 19, 2025.
Sources are mostly out of United States (14)

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