Argentina to End Inflation and Lift Capital Controls with IMF Deal

Argentine President Javier Milei announced plans to end inflation and lift capital controls by securing a new agreement with the International Monetary Fund (IMF). Milei stated that the agreement would involve a "disbursement of funds" to "clean up the accounts of the Central Bank," allowing the Treasury to settle its debt with the Central Bank (BCRA). He emphasized that this would not increase the gross debt. Milei communicated this plan via social media, reaffirming his commitment to ending inflation and reopening the 'cepo' (capital controls), which he believes will foster economic freedom.