The decision allows each member country to add 50 products to their list of imports from outside the bloc not affected by a common tax

President Milei promised that currency controls were ‘gone forever’ and promised record growth after the Fund’s announcement

The government will launch a new series of BOPREAL bonds for companies with retained earnings from previous years

The announcement came as the Central Bank said Argentina has reached a new US$20 billion deal with the IMF, of which US$15 billion will be disbursed in 2025

The inflation rate was released hours before the IMF is due to announce a new US$20 billion loan to the country

The Fund will announce its approval of a US$20 billion loan for Argentina today, a pact that will include changes to monetary policy and the exchange rate

The Milei administration was supposed to start paying it back in June

The Fund did not give the value of the initial disbursement in a brief statement Tuesday

The Central Bank sold U.S. dollars and gross international reserves sit at their lowest level since January 2024