IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.
The announcement will likely be well-received by Argentina's libertarian president, Javier Milei, who was elected on a pledge to tackle a dire economic situation where annual inflation has hit an annual rate of 290 percent, growth is contracting, and poverty rates have surged.
