IMF Approves New Funds for Milei’s Argentina, Praises Ambitious Plans, Recognizes ‘Difficult Inheritance’ From Peronist Socialists

During the Presidential Elections campaign in Argentina, it was enraging to see the no-nonsense mainstream economic theories of the economist Javier Milei treated like ‘radical and dangerous ideas’, while the socialist-Peronists, whose idiotic policies put 40% of the country below the poverty line treated like ‘the sensible choice’.

So while I may not be the greatest fan of the International Monetary Fund (IMF), it is a welcome development that they openly and unambiguously support the heroic struggle by Milei to rebuild the destroyed Argentine economy.

The IMF has just approved the most recent review of its $44 billion program with Argentina – allowing for a new payment of $4.7 billion.

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