In public, the International Monetary Fund sings nothing but praises for the austerity campaign Javier Milei has waged since winning Argentina’s presidency. Behind closed doors, however, the libertarian leader is still struggling to obtain more money from the IMF.
Just three months ago Milei said his government would “certainly” have a new program with the IMF by year-end — replacing and potentially expanding the current $44 billion deal that’s already the largest ever granted by the Fund. But after another round of talks this week underscored concerns about capital and foreign exchange controls, it became clear that Milei has more work to do before seeking fresh funds from the Washington-based lender.
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Publish date : 2024-10-25 07:48:00
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