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3w ago

Argentina Secures $42 Billion Aid Package to Stabilize Economy

The IMF, World Bank, and IDB provide critical financial support as President Milei implements sweeping reforms to combat inflation and restore growth.

Le prêt prévoit le déboursement immédiat d’une première tranche inédite de 12 milliards de dollars, alors qu’une deuxième, de deux milliards, se profile d’ores et déjà pour juin prochain.
Des billets de pesos argentines et un billet de 100 dollars, le 11 avril 2025 à Buenos Aires
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Overview

  • Argentina has received an unprecedented $42 billion international aid package, including $20 billion from the IMF, $12 billion from the World Bank, and $10 billion from the Inter-American Development Bank.
  • The IMF has disbursed an immediate $12 billion tranche, with an additional $2 billion scheduled for June, marking a significant step in stabilizing Argentina's economy.
  • Key monetary reforms include a floating exchange rate for the peso and the removal of a $200 monthly cap on individual dollar purchases, aimed at restoring normal economic functioning.
  • President Javier Milei has positioned the aid package as central to his reform agenda, emphasizing its role in rebuilding central bank reserves and curbing inflation, which remains high at 55.9% annually.
  • This is Argentina's 23rd agreement with the IMF since 1956, highlighting the country's chronic reliance on international loans amidst ongoing debt challenges.