Argentina has reached a $20 billion agreement with the International Monetary Fund (IMF) that will help President Javier Milei advance the next phase of his pro-market reforms.
The IMF announced on Tuesday that it had reached a staff-level agreement with Argentina for a new loan under its Extended Fund Facility program. The funding will be disbursed over 48 months.
In its statement, the IMF said the deal "builds on the authorities' impressive early progress in stabilizing the economy, underpinned by a strong fiscal anchor, that is delivering rapid disinflation and a recovery in activity and social indicators."
