In December 1983, Raúl Alfonsín was elected President of Argentina, bringing an end to the military dictatorship. Under Alfonsin, negotiations started on a new program with the IMF, but they led to nothing. In March 1984, Brazil, Colombia, Mexico and Venezuela lent Argentina $300 million for three months, followed by a similar amount by the United States. That provided some breathing space as it was not before late September 1984 that an agreement was reached between the IMF and Argentina.
In December 1983, Raúl Alfonsín was elected President of Argentina, bringing an end to the military dictatorship. Under Alfonsin, negotiations started on a new program with the IMF, but they led to nothing. In March 1984 Brazil, Colombia, Mexico and Venezuela lent Argentina $300 million for three months, followed by a similar amount by the United States. That provided some breathing space as it was not before late September 1984 that an agreement was reached between the IMF and Argentina.