A new IMF deal would improve Argentina's short- and medium-term economic and financial outlook in the face of limited international financial market access and negative foreign exchange reserves, and open the door to the lifting of capital controls. On March 11, the Argentinian government issued a presidential decree allowing it to enter an agreement with the International Monetary Fund, or IMF, on a new adjustment program to replace the one that expired in December 2024. The Argentinian government and the IMF have been working on a new stand-by agreement to support Argentina's economic and financial reform in the past few months, following the expiry of the previous arrangement. In 2021, Argentina passed a law that requires the government to put any IMF program to a vote for approval in the legislature. Concerned that opposition lawmakers might vote against a new program, the administration of Argentine President Javier Milei instead decided...
