The Chamber of Deputies confirmed the date after several delays. The bill has been modified but LLA has insisted on giving the president legislative powers

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

The Fund has been supportive of the government’s austerity measures and a staff-level agreement was reached last week in Buenos Aires

The figure for December 2023 more than doubles November’s extraordinary 12.8%. The president had said 30% would be cause for celebration

The Economy Minister said Argentines would ‘suffer’ harsher austerity measures if Milei’s omnibus bill is not approved in Congress

The possibility was allegedly raised in a meeting between the Economy Minister and bank representatives

Javier Milei’s spokesperson described the deal with the lender as having ‘virtually fallen through’

The payments are for commitments to the International Monetary Fund, sovereign bonds, the Paris Club, and other international organizations 

Analysts say the decision could encourage investors to dollarize their assets