Argentina’s Congress has approved President Javier Milei’s request for a new IMF loan to strengthen foreign currency reserves and handle debt payments, on top of the current $44 billion owed.
On March 19, 2025, Argentina’s Congress approved President Javier Milei’s request to negotiate a new loan agreement with the International Monetary Fund (IMF). This follows the ongoing burden of a $44 billion debt already owed to the IMF. The proposed new loan would span ten years, aiming to strengthen the central bank’s foreign currency reserves and help manage upcoming debt obligations.
The approval by Argentina’s Congress reflects a strategic decision to secure financial support from the IMF. This move seeks to enhance the country’s fiscal stability and address its significant existing debt, demonstrating Milei’s commitment to managing economic challenges during his presidency.
Original Source: www.maconcountytimes.com
