Reported 9 days ago
The International Monetary Fund has reached a preliminary agreement with Argentina for a $20 billion bailout, supporting President Javier Milei's efforts to stabilize the country's economy through strict austerity measures. This deal, pending final approval, comes at a crucial time as Argentina faces dwindling foreign reserves and rising inflation. While Milei cuts state bureaucracy and spending, critics argue that the economic pain is felt most by the poor, with protests against pension cuts increasing. The agreement is seen as a vital step towards Argentina's economic reform and recovery.
Source: YAHOO