Argentina’s Congress Approves New IMF Loan for President Milei

Argentina’s Congress has approved President Javier Milei’s request for a new IMF loan agreement. The loan aims to bolster the central bank’s foreign reserves and address upcoming debt payments amidst an existing $44 billion debt to the IMF.

On March 20, 2025, Argentina’s Congress granted President Javier Milei approval for a new loan agreement with the International Monetary Fund (IMF), despite the country already owing $44 billion to the lender. This decision enables Milei to secure a 10-year loan aimed at enhancing the central bank’s foreign currency reserves.

The approval from Argentina’s Congress marks a significant step for President Javier Milei as it facilitates a new loan agreement with the IMF. This move is crucial for strengthening the country’s financial position amid its existing substantial debt obligations.

Original Source: www.northwestsignal.net