IMF Agreement: The Government Will Send a DNU to Congress to Obtain Support

[earlyretirement]

DNI signed, sealed and delivered.

Javier Milei ya firmó el DNU del acuerdo con el Fondo Monetario Internacional

Se espera que el decreto se publique en el Boletín Oficial de este martes.Aún falta que el eventual entendimiento sea tratado por el "board" del FMI.

www.clarin.com

Javier Milei firmó el DNU que habilita el acuerdo con el FMI: solicitó un plan de Facilidades Extendidas

Según el texto al que accedió Ámbito, el acuerdo se enmarcará en un Programa de Facilidades Extendidas con un plazo para el pago de intereses de hasta 10 años, con un período de gracia de 4 años y 6 meses.

www.ambito.com

 

[MikeYoung]

Just saw this today.

Milei issues decree to take new IMF deal through Congress

President issues decree seeking green light from Congress to move forward with rejigged IMF agreement; Repayments would be pushed out over 10 years with a grace period of four and a half years.

www.batimes.com.ar

 

[Blockchain]

Doesn't look like the Peronists want the loan. They look like they want the government to fail so they can pounce at the mid-term elections.

Peronists oppose Milei's intention to take another loan from the IMF

Argentina's Justicialist [Peronist] Party (PJ) led by former President Cristina Fernández de Kirchner (CFK) Tuesday expressed its rejection of President Javier Milei's Emergency Decree (DNU) 179/25 clearing the way for further borrowing from the International Monetary Fund (IMF) with no...

en.mercopress.com

 

[Larry]

Doesn't look like the Peronists want the loan. They look like they want the government to fail so they can pounce at the mid-term elections.

Peronists oppose Milei's intention to take another loan from the IMF

Argentina's Justicialist [Peronist] Party (PJ) led by former President Cristina Fernández de Kirchner (CFK) Tuesday expressed its rejection of President Javier Milei's Emergency Decree (DNU) 179/25 clearing the way for further borrowing from the International Monetary Fund (IMF) with no...

en.mercopress.com

Some of Milei's party neither! There is so much fighting in LLA party. It is funny to watch the party falling apart even before the elections.

 

[Uncle Wong]

Some of Milei's party neither! There is so much fighting in LLA party. It is funny to watch the party falling apart even before the elections.

Is it always like this in these House or Senate meetings? I have only seen a few and there is constant chaos. Megaphones? This is Milei's own party member??

 

[Avocado]

Is it always like this in these House or Senate meetings? I have only seen a few and there is constant chaos. Megaphones? This is Milei's own party member??

Yes this Milei party. She vote against him. Many of us do not want more IMF loans.

 

[GlasgowJohn]

Maybe one day someone will tell us the details of the new IMF deal.....

 

[Wally]

Maybe one day someone will tell us the details of the new IMF deal.....

Yes! That is so annoying. How are they not giving the public details about this??? Why do the details have to be so private. Just spill it already!

 

[Uncle Wong]

Maybe one day someone will tell us the details of the new IMF deal.....

But why is it like this John? It seems strange that they wouldn't release the terms and conditions and how much they will give and what if any conditions. Why is this? I just saw this article that says the central bank sold $932 million to prop up the peso! That's over 3.4% of its reserves! I see a lot of people condemning taking on more debt. I see Milei years ago despised the IMF. Sure flipped on that!

Milei wins lower house approval to agree new IMF loan

Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.

www.batimes.com.ar

 

[GlasgowJohn]

But why is it like this John? It seems strange that they wouldn't release the terms and conditions and how much they will give and what if any conditions. Why is this? I just saw this article that says the central bank sold $932 million to prop up the peso! That's over 3.4% of its reserves! I see a lot of people condemning taking on more debt. I see Milei years ago despised the IMF. Sure flipped on that!

Milei wins lower house approval to agree new IMF loan

Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.

www.batimes.com.ar

As far as I can see the cash from the IMF is to refinance the current debt.

This will give Milei and Caputo some breathing space.

I dont know why they don't tell the people the true story

 

[Blockchain]

As far as I can see the cash from the IMF is to refinance the current debt.

This will give Milei and Caputo some breathing space.

I dont know why they don't tell the people the true story

Hopefully they don't blow it on the exchange rate controls. The government is blowing through cash trying to protect the peso. They sold almost a billion US dollars the past few days. It's not going to send up well if they keep doing this. These 2 economists are saying will end in disaster again.

Dos economistas heterodoxos evaluaron la gestión Milei: “Si Argentina sigue endeudándose para sostener el tipo de cambio, solo generará otra crisis”

Mientras Argentina negocia su acuerdo número 23 con el FMI, Ha-Joon Chang y José Antonio Ocampo advierten sobre los riesgos de sostener el tipo de cambio con deuda y la falta de un plan de desarrollo productivo. En diálogo con Infobae, analizaron el impacto del ajuste de Javier Milei, la...

www.infobae.com

 

[Larry]

They are so desperate. Cristina is right. Caputo put Argentina into debt. Now doing it again. How much will they blow before the elections?

Argentina secures $20B IMF deal, aims to boost Central Bank reserves to $50B

Argentina’s Economy Minister Luis Toto Caputo announced Thursday that the loan negotiated with the International Monetary Fund (IMF) amounts to US$ 20 billion disbursement from the IMF, which, in addition to further borrowing from the Interamerican Development Bank (IDB), the World Bank, and the...

en.mercopress.com

 

[Avocado]

They are so desperate. Cristina is right. Caputo put Argentina into debt. Now doing it again. How much will they blow before the elections?

Argentina secures $20B IMF deal, aims to boost Central Bank reserves to $50B

Argentina’s Economy Minister Luis Toto Caputo announced Thursday that the loan negotiated with the International Monetary Fund (IMF) amounts to US$ 20 billion disbursement from the IMF, which, in addition to further borrowing from the Interamerican Development Bank (IDB), the World Bank, and the...

en.mercopress.com

Milei IS the caste. Pathetic.

Will Elon Musk’s plumber pay for Milei’s trips abroad?

There is reason behind the IMF’s decision to throw its weight behind President Milei, which means partnering with his political objectives too.

batimes.com.ar

 

[earlyretirement]

Maybe one day someone will tell us the details of the new IMF deal.....

Ha. Still waiting!

Article with a few economist opinions on the IMF loan. From the Socialist party to CONICET.

Why did Milei apply for another IMF loan and what are the chances of the peso's devaluation? : Peoples Dispatch

Three economists analyze Argentina's secret IMF. Their conclusion: the government, which is secretly negotiating against the clock to achieve exchange rate stability, is about to unravel.

peoplesdispatch.org

 

[Cali Baby]

I keep seeing old quotes from Milei from years ago about how he hated the IMF so much. Funny to see the flip flop. I guess that shows how desperate he is.