International body praises economic policy of the Milei government; country has already received $ 12 billion in April
The (International Monetary Fund) announced on Thursday (24.Jul.2025) that it reached an agreement with Argentina regarding the 1st loan review, allowing the disbursement of “approximately $ 2 billion ”. The agreement is subject to the approval of the IMF executive board, which should meet at the end of July.
On April 15, Argentina received the first US $ 12 billion from the IMF, equivalent to 60% of the credit approved by the international body for the SAF (Extended Fund service) program, lasting 4 years.
The agency praised the management of the president’s government (La Libertad advancesright). According to the IMF, “The program had a solid beginning, despite a more challenging external context – the misinflation and growth continued, poverty decreased further and Argentina returned to international capital markets before expected. ”. This is the official note in English (PDF – 197 KB).
“The program had a solid beginning, supported by the continuous implementation of rigorous macroeconomic policies, including a robust fiscal anchor and restrictive monetary stance. The transition to a more flexible currency regime and the flexibility of most currency controls occurred without problems, despite a more challenging external scenario.”said the agency.
“Authorities are still committed to protecting the fiscal anchor, reconstructing reserves, reducing inflation lasting, further strengthening monetary structure and promoting reforms that boost growth.”says the IMF note.
Argentina has faced a serious economic crisis for years, with high annual inflation, growing poverty of its population and weakened international reserves. Milei’s Economic Adjustment Program, which took office in December 2023, includes drastic cuts in public spending, reducing allowances and reform of the currency system to recover the confidence of international markets.
The country has a history of turbulent relations with the IMF, being one of the largest debtors of the body. The current agreement replaces the previous program, signed in 2022 during the government of Alberto Fernández, which did not achieve the goals set due to the deterioration of economic conditions.
