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Argentina secures $42 billion in support from IMF, World Bank, and IDB to stabilize its economy.
Argentina secured $42 billion in financial support from the IMF, World Bank, and IDB to aid its struggling economy.
The IMF approved a $20 billion bailout over four years, with the World Bank and IDB contributing $12 billion and $10 billion, respectively.
President Javier Milei aims to revive the economy and promises significant growth in the coming decades.
The funds aim to stabilize the Argentine peso and support Milei's economic reforms.
This marks the 23rd IMF bailout since 1956.
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Argentina obtiene $42 mil millones en apoyo del FMI, el Banco Mundial y el BID para estabilizar su economía.