IMF Expected to Lend Argentina Up to $20 Billion Amid Austerity Measures

Wall Street anticipates the International Monetary Fund (IMF) to extend a loan of up to $20 billion to Argentina. This potential program is viewed as a significant endorsement of President Javier Milei's austerity efforts. Banks such as UBS Group AG, Morgan Stanley, and Bank of America Corp. project initial disbursements ranging from $5 billion to $10 billion in 2025. Argentina's principal repayments to the IMF on its previous loan are not due until next year. The funds are expected to bolster Argentina's central bank reserves, potentially leading to the easing of currency and capital controls.