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IMF agrees to £15.6 billion bailout for Argentina to aid Milei's austerity efforts.
The International Monetary Fund (IMF) has tentatively agreed to a £15.6 billion bailout for Argentina, providing support to President Javier Milei's efforts to stabilize the economy through austerity measures.
The agreement, pending final approval from the IMF's executive board, aims to help Argentina achieve its first fiscal surplus in nearly two decades and rebuild its foreign exchange reserves to lift strict currency controls.
Milei has cut inflation by eliminating government agencies, firing public employees, and removing subsidies.
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El FMI acepta un rescate de £15.6 billones para Argentina para ayudar a los esfuerzos de austeridad de Milei.