IMF Approves $20B Bailout for Argentina’s Reform Push

IMF Approves $20B Bailout for Argentina’s Reform Push

The IMF finalized a $20 billion rescue package for Argentina, backing President Javier Milei’s austerity agenda to stabilize an economy battling inflation and depleted reserves.


The four year deal includes $12 billion upfront, with reforms like ending currency controls (starting April 14) and fiscal tightening to attract investors.

A complementary $12B World Bank package aims to boost jobs. While the deal offers short term relief, analysts caution about inflation risks from peso floatation and political resistance to Milei’s cuts.

The bailout marks Argentina’s 23rd IMF program, testing its bid to exit chronic debt crises.