![IMF confirms talks with Argentina about new loan agreement](https://www.americanmarconiwirelessnews.com/media/shared/articles/66/22/bb/IMF-confirms-talks-with-Argentina-a-166611.jpg)
-
Honda and Nissan expected to begin merger talks
-
'Draconian' Vietnam internet law heightens free speech fears
-
Israeli women mobilise against ultra-Orthodox military exemptions
-
Asian markets track Wall St rally as US inflation eases rate worries
-
Tens of thousands protest in Serbian capital over fatal train station accident
-
Trump vows to 'stop transgender lunacy' as a top priority
-
Daniels throws five TDs as Commanders down Eagles, Lions and Vikings win
-
'Who's next?': Misinformation and online threats after US CEO slaying
-
Only 12 trucks delivered food, water in North Gaza Governorate since October: Oxfam
-
Langers edge Tiger and son Charlie in PNC Championship playoff
-
Explosive batsman Jacobs gets New Zealand call-up for Sri Lanka series
-
Holders PSG edge through on penalties in French Cup
-
Slovak PM Fico on surprise visit to Kremlin to talk gas deliveries
-
Daniels throw five TDs as Commanders down Eagles
-
Atalanta fight back to take top spot in Serie A, Roma hit five
-
Mancini admits regrets over leaving Italy for Saudi Arabia
-
Run machine Ayub shines as Pakistan sweep South Africa
-
Slovak PM Fico on surprise visit to Kremlin
-
Gaza rescuers say Israeli strikes kill 35
-
'Incredible' Liverpool must stay focused: Slot
-
Maresca 'absolutely happy' as title-chasing Chelsea drop points in Everton draw
-
Salah happy wherever career ends after inspiring Liverpool rout
-
Three and easy as Dortmund move into Bundesliga top six
-
Liverpool hit Spurs for six, Man Utd embarrassed by Bournemouth
-
Netanyahu vows to act with 'force, determination' against Yemen's Huthis
-
Mbappe back from 'bottom' as Real Madrid down Sevilla
-
Ali hat-trick helps champions Ahly crush Belouizdad
-
France kept on tenterhooks over new government
-
Salah stars as rampant Liverpool hit Spurs for six
-
Syria's new leader says all weapons to come under 'state control'
-
'Sonic 3' zips to top of N.America box office
-
Rome's Trevi Fountain reopens to limited crowds
-
Mbappe strikes as Real Madrid down Sevilla
-
'Nervous' Man Utd humiliated by Bournemouth
-
Pope again condemns 'cruelty' of Israeli strikes on Gaza
-
Lonely this Christmas: Vendee skippers in low-key celebrations on high seas
-
Troubled Man Utd humiliated by Bournemouth
-
2 US pilots shot down over Red Sea in 'friendly fire' incident: military
-
Man Utd embarrassed by Bournemouth, Chelsea held at Everton
-
France awaits fourth government of the year
-
Germany pledges security inquest into Christmas market attack
-
Death toll in Brazil bus crash rises to 41
-
Joshua bout only fight left for beaten Fury says promoter Hearn
-
Odermatt stays hot to break Swiss World Cup wins record
-
Neville says Rashford's career at Man Utd nearing 'inevitable ending'
-
Syria's new leader vows not to negatively interfere in Lebanon
-
Germany pledges security inquest after Christmas market attack
-
Putin vows 'destruction' on Ukraine after Kazan drone attack
-
Understated Usyk seeks recognition among boxing legends
-
France awaits appointment of new government
![IMF confirms talks with Argentina about new loan agreement](https://www.americanmarconiwirelessnews.com/media/shared/articles/66/22/bb/IMF-confirms-talks-with-Argentina-a-166611.jpg)
IMF confirms talks with Argentina about new loan agreement
The IMF and Argentina have begun negotiations over a new loan agreement as the current program draws to a close, a spokesperson for the international financial institution confirmed Thursday.
"The authorities have formally expressed interest in moving to a new program, and negotiations are now underway," the International Monetary Fund's communications director, Julie Kozack, said during a press briefing at the Fund's headquarters in Washington.
The IMF's current 30-month loan agreement with the South American country expires on December 31, and is worth around $44 billion, making it the largest program it has.
The program, which was signed by the previous government, has been adhered to by current President Javier Milei and his economy minister, Luis Caputo.
Under Milei, Argentinian authorities have launched a vast austerity program aimed at slashing the public deficit and bringing down inflation, which had reached record levels.
On Thursday, Kozack praised "impressive results" achieved by Milei's government, including a "sizable reduction in inflation, fiscal surpluses and improved international reserve coverage."
Although the IMF expects Argentina to end the year with inflation at an annual rate of 229 percent, it has eased sharply over the course of the year, falling to a monthly rate of 2.7 percent in October, according to Argentinian authorities.
But this macro success has come at a steep cost: authorities devalued the Argentine peso by 52 percent last December, while more than 260,000 jobs in the private and public sectors were lost in just the first few months of Milei's term.
More than half the population now lives below the poverty line, according to official statistics, marking a sharp increase that Milei's administration disputes.
The IMF estimates the Argentinian economy will contract by 3.9 percent this year, before bouncing back to grow by five percent in 2025.
Ch.Havering--AMWN