Argentina has sealed a $20 billion extended fund facility (EFF) with the International Monetary Fund and dismantled large parts of its currency controls as libertarian President Javier Milei looks to drag the country out of a prolonged economic slump.

Argentine President Javier Milei's economy minister says the libertarian government would lift the country's strict capital and currency controls in a few days, a high-stakes gamble made possible by a new loan from the International Monetary Fund.