IMF reaches $20 billion bailout deal with troubled Argentina
NBC3 days ago
IMF Reaches Staff-Level Agreement With Argentina for $20 Billion Loan
Above: Argentina's President Javier Milei speaks during a joint press conference with Paraguay's President Santiago Peña (out of frame) following a meeting in Asunción on April 9, 2025. Image copyright: Daniel Duarte/Contributor/AFP via Getty Images
The Spin
Right narrative
The IMF should be generous with funding Argentina now as Milei represents the country's best chance for economic reform in decades. He has already demonstrated commitment through painful adjustments and fiscal discipline that even exceeded the Fund's targets, making this time genuinely different from past failed bailouts.
Left narrative
This new loan is as politically motivated as the one signed under the Mauricio Macri administration and violates the lending rules by which the IMF must abide. If the Fund approves any new disbursement, it will become even more entangled in Argentina's domestic politics and severely damage its own credibility.