BUENOS AIRES, Argentina (AP) — President Javier Milei on Friday announced that he would lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund. It marked a major step forward in the libertarian’s program to normalize Argentina’s economy after decades of unbridled spending.
The IMF’s executive board late Friday green-lit the $20 billion bailout package, which offers a lifeline to Argentina’s dangerously depleting foreign currency reserves over the next four years. The fund praised President Milei’s tough austerity program and zero-deficit fiscal policy, saying the program sought to “consolidate impressive initial gains” and address
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