Argentina’s Congress Approves New IMF Loan for Javier Milei

Argentina’s Congress approved President Javier Milei’s request for a new IMF loan to assist with foreign reserves and debt payments, amidst ongoing protests against austerity measures.

On Wednesday, Argentina’s Congress approved President Javier Milei’s request to negotiate a new loan agreement with the International Monetary Fund (IMF), adding to the existing $44 billion debt. Milei seeks a 10-year loan to enhance the central bank’s foreign currency reserves and address forthcoming debt repayments. The specifics of the loan amount have yet to be revealed.

In summary, President Javier Milei has secured Congressional approval for a new IMF loan to support Argentina’s financial stability amid a higher inflation rate and previous debts. The approval comes as protests against austerity measures unfold, highlighting the tension between economic reform and public dissent.

Original Source: www.rfi.fr