US EditionImf Ratified Its Support for Milei Government’s Economic Programme
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The International Monetary Fund (IMF) has publicly supported the economic strategy, including its intervention in the foreign exchange market, implemented in Argentina by the Government of Javier Milei in a context marked by the elections in the province of Buenos Aires, held last Sunday, and the intervention in the foreign exchange market by the National Treasury.
Following IMF support for Javier Milei's economic plan, the Argentine ADRs in New York rose to 7.5%, while the country risk again exceeded 1,100 points, reflecting investors' distrust.
The agency supported the economic plan in the run-up to the new debt tender.
The IMF’s message supporting the economic plan after the government’s hard defeat in the Buenos Aires election was a signal from the agency to bring peace to the markets. Almost instantly it was the Minister of Economy Luis Caputo himself, who responded to the expressions of Julie Kozack, who went up through the X network. “We support the commitment of the Argentine authorities to ensure the sustainability of the country’s currency and exchange …
The President said he will correct the mistakes, called a dialogue table, confirmed his cabinet and confirmed the economic direction. Beyond political gestures, the market is cautious: after black Monday, stocks and bonds showed a slight recovery.
From the agency they assured that they support the commitment of the government to stop the d lar and other key points of the program. The president said that they will not move "not a thousand meters" of the plan econ mico
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