Argentina's Milei: Economic Talks with IMF and U.S., Threatening Ties with China

Argentina's presidential front-runner, Javier Milei, met with the International Monetary Fund (IMF) to discuss his proposals for dollarizing the country's economy. Milei, a radical libertarian who received 30% of the primary vote, outlined his economic plans and assured the IMF that he does not intend to default on the country's IMF loan or bondholders. The IMF sought further details on Milei's dollarization models. The primary election results, which saw Milei come out on top, caused market turmoil and led to the central bank raising interest rates and devaluing the currency. The IMF's executive board will meet next week to discuss a $7.5 billion disbursement to Argentina.