Loan to Trump-Friendly Argentina Went Against IMF Board Concerns
Bloomberg6 days
Report: Argentina's Loan Deal Approved Despite IMF Board Concerns
Above: Kristalina Georgieva during the 2025 Spring Meetings of the World Bank Group and the IMF in Washington, D.C., on April 24, 2025. Image copyright: Xie E/Contributor/Xinhua News Agency via Getty Images
The Spin
Right narrative
The IMF was right to fund Argentina now, as Milei represents the country's best chance for economic reform in decades. He has already demonstrated commitment through painful adjustments and fiscal discipline that exceeded the Fund's targets, making this time different from past failed bailouts.
Left narrative
The new loan was as politically motivated as the one signed under the Mauricio Macri administration and violated the lending rules the IMF must abide by. This new disbursement has further entangled the Fund in Argentina's domestic politics and severely damaged its own credibility.