Voting in the House of Representatives resulted in 129 votes in favor, 108 against and six abstentions, demonstrating significant support to the decree that facilitates the advancement of the agreement
The government of NA obtained an important victory in Congress by getting the approval of a new agreement with the. This decision will allow the country’s debt refinancing and the release of new financial resources. The vote in the House of Representatives resulted in 129 votes in favor, 108 against and six abstentions, demonstrating significant support to the decree that facilitates the advancement of the agreement. The new IMF pact includes dollar injection into the Argentine Central Bank, as well as providing for debt payments related to the 2018 loan, which exceeded the $ 50 billion mark. This measure is seen as crucial to stabilizing the country’s economy, which faces severe financial challenges. Approval in Congress is an important step for Milei, who seeks to implement their economic policies.
However, the Peronist opposition manifested itself contrary to the agreement, expressing its intention not to recognize the new debt if it returns to power. This position reflects political division in the country and resistance to measures involving the IMF, which historically generated controversies in Argentina. The opposition argues that the agreement may aggravate the economic and social situation of the population. With the approval of the agreement, the Milei government hopes to achieve investors’ confidence and stabilize the Argentine economy, which has faced high inflation and tax difficulties. New features are expected to help alleviate pressure on public finances and provide a way to economic recovery.
Posted by Sarah Paula
*Report produced with the aid of AI
