Argentina’s President Javier Milei has issued an executive decree preapproving a loan agreement from the IMF, signalling the imminent conclusion of a long-awaited deal that is essential to his economic plan.

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.

BUENOS AIRES - Argentina's government published a decree on Tuesday backing a new International Monetary Fund (IMF) program, the most concrete step yet towards sealing a new deal that could help the embattled country meet its debts and ease capital controls.

President Javier Milei says new IMF programme is a move to "exterminate inflation" in Argentina. President Javier Milei says that a new agreement with the IMF will clean up the accounts of the country's Central Bank and wipe out inflation.

Wall Street expects the International Monetary Fund to lend Argentina as much as US$20 billion in a new seal of approval for Milei’s austerity campaign.

Argentina's government formalized a decree of necessity and urgency (DNU) on Tuesday in a key step towards sealing a new International Monetary Fund (IMF) program, according to the document published in the official gazette.