Economic Stabilization Efforts
The 's preliminary agreement with focuses on a $20 billion bailout, aiming to support 's efforts to stabilize the economy and reverse previous economic policies.
President Milei's austerity measures, including cutting inflation and stabilizing the economy, have been praised by the IMF, setting the stage for this financial support.
Challenges and Criticisms
Despite the economic improvements, critics argue that the poor have suffered the most, with retirees facing reduced pensions and major labor unions planning a general strike in protest.
The agreement still requires final approval from the IMF's executive board, and there are concerns about the amount of upfront money Argentina will receive, highlighting ongoing negotiations and economic pressures.