IMF urges Milei to cut VAT exemptions, review fuel taxes for fiscal balance

The IMF has formally requested Argentina's government to implement new tax reforms, specifically eliminating VAT exemptions and reviewing fuel taxes, to sustain fiscal balance and boost revenue. This marks a shift in IMF engagement with the Milei administration, which has prioritized austerity but may face domestic political resistance to further tax changes. The outcome will test Argentina's commitment to fiscal consolidation amid ongoing economic stabilization efforts.