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International Business Times

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AFP News

IMF Board Approves Argentina Payout Of Almost $800 Mn

International Monetary Fund Javier Milei Argentina X

Argentina's president Javier Milei has vowed to get inflation back down (Credit: AFP)

The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei.

A self-declared "anarcho-capitalist," Milei has vowed to halt Argentina's economic decline and reduce the budget deficit to zero, and has embarked on a program to slash public spending and bring down inflation, which remains at an annual rate of more than 275 percent.

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