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Reserve shortage and overvalued currency cast a pall over an otherwise successful stabilisation campaign
Since taking office in December 2023, Argentina’s president Javier Milei has embarked on a series of dramatic economic and monetary reforms, cutting spending and scrapping some exchange rate controls that have transformed the troubled South American economy.
Milei’s drastic interventions resulted in the International Monetary Fund approving in April another $20 billion loan to the country, which historically has defaulted nine times on its sovereign debt. The Fund praised the Milei
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#time #Argentina