Argentine economy will grow 'like never before,' after IMF agreement

President Javier Milei of Argentina has announced a significant economic shift, stating that the country will experience unprecedented growth following a new $20 billion agreement with the International Monetary Fund (IMF). This agreement is Argentina's 23rd with the IMF, reinforcing its status as the institution's largest debtor.​

As part of the agreement, Argentina has lifted most capital and currency controls, a move aimed at stabilizing the economy and attracting investment. The IMF has praised Milei's fiscal discipline and reforms, including achieving Argentina’s first fiscal surplus in nearly 20 years.​