MercoPress. South Atlantic News Agency

Argentina's Lower House greenlights Milei's IMF emergency decree

Argentina's Lower House Wednesday gave its nod to President Javier Milei's Emergency Decree (DNU) clearing the way for further borrowing from the International Monetary Fund (IMF) to reinforce Central Bank reserves and manage debt by 129 votes in favor, 108 against, and 6 abstentions with endorsements from the ruling La Libertad Avanza (LLA) as well as other parties, such as PRO, UCR, Coalición Cívica, Innovación Federal, Producción y Trabajo, and a group of Encuentro Federal lawmakers. Opposition came primarily from the Peronist Unión por la Patria (UxP), leftwing groups, and other minor factions. Read full article