IMF backs Milei government measures to boost growth, domestic demand
The Executive Board is expected to approve the review in early December, paving the way for a US$900 million disbursement under the program La entrada IMF backs Milei government measures to boost growth, domestic demand se publicó primero en Buenos Aires Herald .
The International Monetary Fund (IMF) has endorsed key measures outlined by Argentina's government under President Javier Milei to stimulate economic growth and generate employment. IMF spokesperson Julie Kozack detailed the approval during a press briefing, noting the measures align with the goals of macroeconomic stabilization.
The IMF is set to approve the disbursement of a further $900 million under the program, which was initially agreed upon in April 2024. Since Milei's inauguration in December 2023, the IMF has provided over $18 billion in support, including $20 billion as part of a renegotiated program. Kozack emphasized four main actions: expanding capital and mortgage markets to boost financing and domestic demand, increasing labor market flexibility to foster job creation, advancing infrastructure concessions, and facilitating large investment projects through the Régimen de Incentivo a las Grandes Inversiones (RIGI).
Concerning the rise in Argentina's country risk, the IMF highlighted the importance of maintaining strong policy implementation and the accumulation of reserves to mitigate risk. Country risk has surged to around 740 basis points, driven by market volatility and concerns over debt maturities, including nearly $25 billion due in 2027.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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