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.
130 Articles
130 Articles
Spotorno: "The IMF loan is good news, but we need to read the fine print."
CNN Radio Argentina (CNN Radio Argentina) – Fausto Spotorno, economist and director of the UADE Business School, spoke this Friday on CNN Economía y Actualidad with Julieta Tarrés about the government's agreement with the International Monetary Fund (IMF) and its impact on the Argentine economy. Spotorno noted that if the IMF lends the $20 billion mentioned by Bloomberg, it would be "very good news" for Argentina. "This helps us cover the non-tr…
Milei and the IMF: From anarcho-capitalist 'indomitable' to president obedient to Washington
The economist who promised to break with the past now repeats the history as president of Argentina: he will close a new agreement with the organization, which the Argentine president in the past described as "perverse"Milei militarizes the surroundings of the Argentine Congress in front of the protests and obtains the backing to be indebted to the IMF In Casa Rosada they uncorched in silence. The Argentine Congress approved the decree that give…
Argentina's Lower House greenlights Milei's IMF emergency decree
Argentina's Lower House Wednesday gave its nod to President Javier Milei's Emergency Decree (DNU) clearing the way for further borrowing from the International Monetary Fund (IMF) to reinforce Central Bank reserves and manage debt by 129 votes in favor, 108 against, and 6 abstentions with endorsements from the ruling La Libertad Avanza (LLA) as well as other parties, such as PRO, UCR, Coalición Cívica, Innovación Federal, Producción y Trabajo, an
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