IMF Approves $800 Million Disbursement to Argentina
The funding follows significant economic reforms under President Milei, aimed at stabilizing the country's economy.
- IMF's executive board must still give final approval for the disbursement.
- Argentina has achieved its first quarterly fiscal surplus in 16 years.
- Inflation rates, although high, are showing signs of decline.
- Economic austerity measures have been harsh on the poor and middle class.
- The IMF praised Argentina's progress in macroeconomic stability.
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