Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso.

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.

Here is what economists have to say about the policy changes and the IMF loan program, the country's 23rd in a long and complex history between Argentina and the lender. "I must say I am surprised by the amount of money at Argentina's disposition starting next week,