US financial backing alone won’t stabilise Argentina’s finances without a significant shift in monetary policy, according to former IMF officials and economists.
Experts consulted by the Buenos Aires Times – including two former International Monetary Fund officials, an Institute of International Finance economist and a former finance minister from the Americas – warn that Washington’s support will offer only temporary relief.
President Javier Milei’s government will have to abandon foreign exchange rules and let the peso float, likely with a large devaluation, they added.
“The US$20 billion swap and another US$20 billion in private f
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