From Yahoo Finance: 2025-04-14 07:10:00

Argentina has secured a $20 billion IMF deal and removed currency controls under President Javier Milei. The country expects to receive $28 billion in 2025, with $15 billion from the IMF. The new FX policy allows the peso to float within a band of 1,000 to 1,400 pesos per dollar.

Under the IMF deal, Argentina must increase net foreign reserves by $4 billion by the end of the year. The government aims for a primary fiscal surplus of 1.3% of GDP this year, with plans to increase it in the future. The goal is to return to capital markets by early 2026.

The IMF believes Argentina could lower borrowing costs and access international markets with successful program implementation. Challenges remain, with reserves in the negative and inflation still a concern. More work is needed to strengthen the country’s external position.

Read more: Explainer-What do we know about Argentina’s IMF deal and FX policy?