The organization expects the economy to shrink by 2.3% this year, before recovering in 2025

The Fund recommends Milei form ‘broader coalitions in Congress’ to pass his proposed reforms in latest staff report

The international lender also announced that it would extend the current deal through December

In October, the Fund said it expected the country to grow this year by 2.8 points

After multiple reviews highlighting the country’s missed goals, sources told Reuters the additional time is to ‘ensure that the program delivers on its objectives’

The about-turns form part of the Milei administration’s negotiations to secure support for the omnibus bill in Congress

The decision is meant to pave the way for provincial lawmakers to pass the legislation in Congress

The president stated that the elimination of the Central Bank is also still on the table

The president voted in favor of raising the income tax cutoff last September while he was a deputy