BUENOS AIRES, April 12 — Argentina’s government said yesterday it had reached an agreement with the International Monetary Fund for a loan of US$20 billion and the easing of...
Rehda: 77pc of unsold Bumiputera units priced between RM300,000 and RM500,000, high number signals supply-demand mismatch in Malaysian property market
The loan, which must still be greenlit by the executive board of the global lender, will allow the “recapitalization of the Central Bank... and continue the disinflation process,” Economy Minister Luis Caputo told reporters. The Central Bank said the US$200-per-month limit on Argentine citizens accessing greenbacks will also be lifted.
The prospect of another IMF loan has caused a run on the peso, prompted by fears—which Milei has rebuffed—that a new deal could entail a currency devaluation. Milei, a self-declared “anarcho-capitalist,” has fired tens of thousands of public sector workers, halved the number of government ministries and vetoed inflation-aligned pension increases to curb public spending.
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