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IMF allocates $4.7 billion to Argentina to support President Javier Milei's new administration in implementing cost-cutting measures to revive the nation's struggling economy.
On Wednesday, the International Monetary Fund allocated $4.7 billion for Argentina, assisting President Javier Milei's new administration in implementing significant cost-cutting measures to revive the flagging economy of the nation.
IMF chief Kristalina Georgieva said in a statement announcing the disbursement, "The new administration is taking bold actions to restore macroeconomic stability and begin to address long-standing impediments to growth."
Source: AFP
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