The Necessity and Urgency Decree (DNU) 179/25, which authorizes the Government of Javier Milei to sign the new agreement with the International Monetary Fund (IMF), will be debated this Wednesday at 10 a.m. in the Chamber of Deputies.
This agreement will allow the cancellation of existing debt with the Central Bank of the Argentine Republic (BCRA) through a public credit operation, resulting in a reduction of the total national public debt.
Milei's Government highlights that this measure represents an essential step in the clean-up of public accounts and in the stability of the financial system, which will allow progress in the elimination of the currency exchange restriction.
The call was driven by the ruling party, in alliance with its partners from PRO, Creo, and Production and Labor, after obtaining the necessary signatures in the Bicameral Commission responsible for analyzing the decree.
An interesting fact is that the session will be the same where Kirchnerism and the far left will seek to create disturbances outside Congress.
Javier Milei, presidente de Argentina.
The La Libertad Avanza bloc would have gathered the nine necessary signatures in the Bicameral Commission, which caused a significant change in the initial dynamics of the discussion.
Initially, the Commission meeting was planned as an informative space with the participation of Executive officials.
However, the support of this political sector, along with the backing of other blocs such as PRO, sectors of radicalism, the Civic Coalition, and deputies contributed by governors, ensures the number of votes necessary to advance with the approval of the decree in the chamber.
The DNU 179/25, which will be addressed in Congress, seeks to approve public credit operations within the framework of the agreement with the IMF. According to current regulations, for a decree of this type to lose validity, it must be rejected by both Chambers of Congress.
This means that with approval in just one Chamber, the decree will be automatically ratified, preventing any attempt by the opposition to invalidate it.
Javier Milei, presidente de Argentina.
The decision to continue with the treatment of the decree in Deputies marks a shift in the political strategy of the sectors involved.
The support of La Libertad Avanza and other allies of the ruling party would not only guarantee the necessary quorum for the session but also the majority to approve the DNU in the chamber. This scenario leaves the opposition with few options to stop the measure, due to the legislative procedure governing this type of decrees.
The Bicameral Commission that will analyze the DNU 179/25 will meet this Tuesday, one day before the session in Deputies. This instance will be crucial to define the details of the debate in the chamber.
In Tuesday's meeting, there will be presentations by Vladimir Werning, Vice President of the Central Bank, José Luis Daza Narbona, Secretary of Economic Policy of the Ministry of Economy, and Leonardo Madcur, Argentina's representative to the IMF.
