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Milei Moves to Abolish Three Fiduciary Funds, Fulfilling IMF Pact

The decree follows IMF loan commitments with SIGEN audits exposing inefficiencies

14-04-2025 Buenos Aires - Scott Bessent se reune el lunes por la mañana con Caputo viceministro Juan Manuel Daza y secretario de Finanzas Quirno en ministerio Economía. Foto: Luciano  Thieberger. FTP CLARIN 20250414_073554.jpg Z Invitado
El Gobierno nacional disolvió el fideicomiso del Fondo Nacional del Manejo del Fuego. (Archivo)
El año pasado, los incendios provocaron pérdidas millonarias
El Gobierno volvió a aplicar la motosierra (X/@JMilei).

Overview

  • Decree 463/2025 abolished the Fondo Fiduciario Federal de Infraestructura Regional, the Fondo Nacional de Desarrollo Productivo and the Fire Management Fund, bringing the total dissolved by Milei to 29 since December 2023.
  • Audit reports by SIGEN highlighted low loan disbursement to provinces by FFFIR, unverified deliverables and $70 million usage out of $26 billion at the fire-management trust, and inconsistent or missing financial records at FONDEP.
  • The closures form part of conditions under the US$20 billion IMF agreement aimed at cutting deficits and improving state financial controls.
  • Responsibilities and remaining insurance-premium contributions for wildfire management will transfer to the Ministry of Security, which will oversee future resource allocations.
  • Fire-management experts and regional authorities warn that dissolving dedicated funds could hamper prevention efforts and rapid response to wildfires in an upcoming dry season.