IMF agrees £15.6 billion bailout with cash-strapped Argentina

Argentina’s President Javier Milei (AP)

The International Monetary Fund (IMF) said it has reached a preliminary agreement with cash-strapped Argentina on a 20 billion-dollar (£15.6 billion) bailout.

Tuesday’s agreement would provide a welcome reprieve to libertarian president Javier Milei as he seeks to overturn the country’s old economic order.