Under Argentine law, Congress has to approve of any new IMF programme. But rather than send lawmakers a bill for their approval, as his predecessor did, Milei issued an executive order that will go into effect unless it is overturned by both chambers of Congress. Approval in a single chamber will also cement it into law.

By Mathew Cohen Argentina's government is advancing its efforts to secure a new International Monetary Fund (IMF) programme with the formalisation of a decree of necessity and urgency (DNU) published in the official gazette.