FMI hopes Milei's plan gets enough political support12th Friday, January 2024 - 13:33 UTC Full articlePresident Javier Milei's administration “is already implementing an ambitious stabilization plan,” Kozack also notedInternational Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress. “There are aspects of this bill that have important fiscal implications and, as such, we expect the authorities to continue to build political support to advance key aspects of this bill,” Kozack said, presumably also with President Javier Milei's emergency Decree (DNU) 70/2023 in mind. The measure's final approval is now up to both a Bicameral Congress Commission or the courts. In the meantime as so long as it is not repealed, it is deemed valid in its entirety. The IMF warnings seek to raise awareness among lawmakers of the consequences of not endorsing Milei's reforms.

Source: The Guardian January 12, 2024 19:35 UTC