In address to congress, Argentine President Milei promises IMF deal

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In address to congress, Argentine President Milei promises IMF deal - Business Standard

Quick Summary:

Argentina's libertarian president Javier Milei signalled late Saturday that a new deal with the International Monetary Fund was imminent, as he used his annual address to congress to project an optimistic picture of his economic overhaul following a divisive first year in office and recent swirl of controversies.

In a speech that played to the sentiments of his right-wing base but included little in the way of new policy, Milei promised the crisis-stricken nation that, in the coming days, he would ask congress to support the government in this new agreement with the International Monetary Fund" even as it seemed Argentina had yet to close the deal.

Revisiting the economic themes of his 2023 presidential campaign ahead of crucial midterm elections in October, Milei declared: We went from talking about hyperinflation to talking about long-term stability.