The massive infusion of dollars into the government’s coffers allowed Milei to announce, effective Monday April 14, the end of much of Argentina’s regime of currency controls, imposed in 2011 by then-President Cristina Kirchner in an attempt to halt capital flight and prop up the Argentine peso.

The International Monetary Fund disbursed on Tuesday the first installment of Argentina's new $20 billion bailout after President Javier Milei removed most of Argentina’s strict capital and currency controls.

The election in Argentina’s third-most-populous province of Santa Fe, with 2.8 million voters, will pick delegates to a convention set to reform the regional constitution, which has gone unchanged for