Argentina seeks more cash from IMF

The Latin American country already owes the fund some $44 billion Argentina is in talks with the IMF over a new aid program designed to accelerate the process of exiting from capital controls, Bloomberg reported on Thursday, citing a senior government official. The IMF is pushing the government to let the currency devalue faster under its so-called “crawling peg,” and keep interest rates above soaring inflation, the unnamed official told the outlet. President Javier Milei has pledged that he would eliminate the so-called ‘cepo’ – the word used by Argentines to refer to currency restrictions – before the end of th

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