BUENOS AIRES, Argentina (AP) — Argentine President Javier Milei’s economy minister announced on Friday that 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.

Argentina has clinched $42bn in medium-term funding from the International Monetary Fund (IMF) and two other financial institutions as it announced it is abandoning most of its tight currency controls.

President Javier Milei's government is lifting Argentina's capital and currency controls, backed by a $20 billion IMF loan. This high-stakes economic shift aims to boost foreign investment and ease inflation,