US EditionArgentina'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.
129 Articles
129 Articles
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…
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…
By Juan Moreno, CNN en Español (CNN Radio Argentina) – Diego Reynoso, a political scientist at the University of San Andrés, analyzed the political situation of Javier Milei's administration and the current challenges it faces this Thursday on CNN's Regreso with Mariana Arias and Pepe Gil Vidal. “This is clearly a pivotal moment. After a year and two months, the government has managed to execute its agenda, maintain a good level of support despi…
The head of the Pro-Deputy bench said they need to go together to defeat Kirchnerism in its bastion.
Nicolás Mayoraz, national deputy of La Liberta Avanza for Santa Fe, referred to the approval of the UND sent by the national government with the agreement with the IMF. At CNN Primero Mañana, he said that “it is very good news for all Argentines because it allows to continue in line with the government, to continue to lower inflation, to maintain the fiscal surplus and to lower the expenses of the state. It also serves the government for negotia…
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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