Argentina’s Congress granted President Javier Milei approval for a new IMF loan to support foreign reserves and address impending debt obligations, adding to the existing $44 billion owed to the IMF.
On March 20, 2025, Argentina’s Congress approved President Javier Milei’s request for a new loan agreement with the International Monetary Fund (IMF). The decision allows Milei to secure additional financing beyond the existing $44 billion debt owed to the IMF. This new agreement is intended to bolster the central bank’s foreign currency reserves and facilitate upcoming debt payments.
The approval of this new IMF loan marks a significant step for Argentina in managing its financial obligations. President Milei’s strategic move aims to enhance the country’s economic stability, particularly in light of existing debts.
Original Source: www.northwestsignal.net
