The Executive Board of the International Monetary Fund approved on Thursday the second review of the agreement signed with Argentina and authorized an immediate disbursement of USD 1 billion for the country, in another strong international backing for the economic program of Javier Milei.
The confirmation was quickly celebrated by the Minister of Economy, Luis “Toto” Caputo, who posted on his social media: “Agreement with the IMF approved by the Fund's Board. TMAP (Everything is Going According to Plan)”, accompanied by the Argentine flag and the official statement from the organization.
The IMF's approval comes after several weeks of market anticipation and consolidates the organization's support for the libertarian stabilization plan, which has already achieved a significant deceleration of inflation, fiscal surplus, and recovery of economic activity.
In its official statement, the Fund highlighted that “the implementation of the program has remained solid” despite a more complex international context and emphasized that the fiscal, monetary, and regulatory reforms promoted by the Government have allowed to strengthen reserves and improve macroeconomic stability.
