Argentina Secures $32 Billion in International Aid to Tackle Economic Crisis

IMF, World Bank, and IDB announce major financial packages to support President Milei's reforms and stabilize the struggling economy.

The IMF has approved a $20 billion package for Argentina, with $12 billion available immediately to address urgent economic needs.
The World Bank is contributing $12 billion, including $1.5 billion to be disbursed next week, aimed at attracting private investment and modernizing the economy.
The Inter-American Development Bank plans to provide up to $10 billion over three years to further support Argentina's recovery efforts.
President Javier Milei's administration has implemented strict austerity measures, reducing inflation from 211% in 2023 to 55.9% in March 2025, but faces ongoing challenges like high poverty and unemployment.
This marks the 23rd time since 1956 that Argentina has received IMF assistance, highlighting its recurring struggles with economic instability and debt.