The International Monetary Fund reaches a deal with Argentina on a $20 billion bailout

BUENOS AIRES, Argentina (AP) — The International Monetary Fund on Tuesday said it has reached a preliminary agreement with Argentina on a $20 billion bailout, providing a welcome reprieve to President Javier Milei as he seeks to overturn the country’s old economic order.

As a staff-level agreement, the rescue package still requires final approval from the IMF’s executive board, which was expected to meet in the coming days.

The fund’s long-awaited announcement offered a lifeline to President Milei...