Argentina’s libertarian president Javier Milei has signaled that a new and much-anticipated deal with the International Monetary Fund is imminent.

Argentine President Javier Milei met Thursday with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington, D.C., to discuss the South American country's stabilization and growth plan and advance negotiations for a new loan.

Argentina's government said Wednesday it was aiming for a new loan agreement with the International Monetary Fund within two months. The deal, on top of the

President Javier Milei on Sunday attempted to distance himself from an alleged cryptocurrency scam following reports businessmen tried to "sell access" to the leader ahead of the scandal. Milei, 54, described recent revelations about the scandal as “third party problems” and not his in a television interview.

Wall Street expects the International Monetary Fund to lend Argentina as much as US$20 billion in a new seal of approval for Milei’s austerity campaign.

For the first time since he stormed to power in 2023, Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal. A trip to Washington gives him a chance to get back on his front foot.