The IMF strikes a $20 billion deal to bail out Argentina’s economy

The IMF’s $20 billion bailout aims to support President Milei’s austerity reforms and stabilize Argentina’s economy. Measures include severe spending cuts, leading to public protests as poverty rises to 57.4% of the population.

President Milei’s economic reforms face backlash as pension cuts spark protests. Argentina’s peso remains unstable, with the government emphasizing the need for immediate funds from the IMF to prevent default and stabilize finances.