President Javier Milei says that he will lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund.

Argentina is getting an enormous lifeline. Last week, the International Monetary Fund agreed to loan the country $20bn. It is the 23rd deal between the IMF and the country, but this money comes with some serious strings attached. Here to explain what it means is the FT’s Ciara Nugent in Buenos Aires. Hey, Ciara.