Argentina’s Economic Challenges: IMF Support, U.S. Currency Swap, and the Global Lessons of Protectionism
Argentina has faced recurring economic crises, leading to repeated interventions by the International Monetary Fund (IMF). Since joining the IMF in 1956, the country has participated in approximately 23 financial arrangements, among the highest globally. The most recent program, approved on 11 April 2025, established a US$20 billion Extended Fund Facility (EFF) to stabilise the economy amid high inflation and a depreciating peso.
