In a powerful endorsement of President Javier Milei’s economic strategy, the International Monetary Fund (IMF) announced today that it has reached a staff-level agreement with Argentina for a new $20 billion loan program. This critical breakthrough comes as the Milei administration continues to deliver on its promises of fiscal responsibility, structural reform, and international credibility.

The new program—designed to replace the previous Stand-By Agreement—aims to reinforce Argentina’s macroeconomic stabilization process, rebuild confidence in financial markets, and support the government’s ongoing efforts to curb inflation and restore sustainable growth. According to the IMF’s official statement, the deal was finalized after a “productive and constructive dialogue” with Argentine authorities.

“This agreement is a clear signal that Argentina is back on the global stage, serious about reform, and committed to ending decades of economic mismanagement,” said a source close to the negotiations.

The program includes an initial disbursement higher than expected, providing much-needed reserves to the Central Bank. It also incorporates goals that align with the Milei administration’s libertarian vision—focused on reducing the fiscal deficit, ending monetary financing, and lifting foreign exchange restrictions.

President Milei’s no-nonsense economic plan has received growing support from global markets and institutions alike. After inheriting an economy marked by triple-digit inflation and chronic debt, his administration’s swift actions have already begun to produce tangible results: inflation is decelerating, the fiscal balance is improving, and investor confidence is returning.

The agreement will now go to the IMF Executive Board for formal approval in the coming days, a vote that is widely expected to pass without obstacles. If approved, this will be Argentina’s 23rd IMF program—and potentially its most consequential in decades.

With global institutions backing his reforms and a roadmap now in place for Argentina’s economic normalization, President Javier Milei continues to deliver the leadership and direction the country has long been waiting for.