Luis Caputo, the minister of economics, said in April of last year that the upcoming months will be the finest for the Argentine economy in decades. A little over three months after that assessment, that scenario remains distant. Research centers, think tanks, and consulting firms monitoring the Argentine economy indicate that the initial half of … Read more
Argentina’s Central Bank halted a nearly seven-month period of dollar acquisitions, occurring just a day after the IMF urged officials to continue increasing foreign currency reserves. The monetary authority refrained from purchasing greenbacks in Argentina’s official currency market on Tuesday, marking the first instance of such an action since January 2, as stated by a … Read more
International Monetary Fund Managing Director Kristalina Georgieva addressed various facets of the Argentine economy during a conference held on Monday, where she was accompanied by Economy Minister Luis Caputo upon her arrival in Buenos Aires. Georgieva acknowledged the challenges confronting the country, yet she conveyed a generally positive perspective, asserting that she “didn’t foresee the … Read more
The International Monetary Fund has expressed approval of the Argentine government’s proposed reform of the Central Bank, which is intended to enhance its independence, according to the institution’s spokeswoman, Julie Kozack, on Thursday. The reform of the Central Bank’s charter is an integral component of the extensive financial reform agenda recently introduced by President Javier … Read more
President Javier Milei has invited Kristalina Georgieva, Managing Director of the International Monetary Fund, to visit Argentina at the end of the month. The announcement follows an IMF report that upholds its economic growth forecasts for the country, coinciding with the appointment of an Argentine economist as the fund’s new chief economist. Economy Minister Luis … Read more
The Executive Board of the International Monetary Fund announced on Thursday the approval of the second review of Argentina’s 48-month Extended Fund Facility agreement, which was signed in 2025. Consequently, the nation is set to obtain approximately US$1 billion, which corresponds to 0.8 billion of Special Drawing Rights, the IMF’s international reserve asset. With these … Read more
On Wednesday, Argentine short-term interest rates surged as the government intensified its measures to protect the peso, exacerbating a liquidity crisis that is constraining an already vulnerable economy. The yield on local government Lecap notes due November 28 increased to 87 percent from 74 percent on Tuesday and from 51 percent at the end of … Read more
The managing director of the International Monetary Fund, Kristalina Georgieva, stated that the success of Argentina’s program is contingent upon popular support. “Argentina is implementing a significant adjustment program,” Georgieva stated on Wednesday at the 2025 Annual Meetings held at the Milken Institute in Washington, DC. “The success is going to be based on carrying … Read more
The IMF’s latest substantial loan to Argentina — a country with a history of defaults now under the leadership of a close ally of Donald Trump – has raised concerns among many of the Fund’s senior decision-makers. It received approval nonetheless. Argentina’s new loan with the International Monetary Fund was approved even though it raised … Read more
The IMF maintains its growth forecast for Argentina, undeterred by prevailing global uncertainties. The International Monetary Fund (IMF) has upheld its growth forecast for Argentina at 5.5 percent for the year 2025, notwithstanding the prevailing uncertainties in global trade. The multilateral lender referenced the “positive data” observed in the initial months of the year. The report recognized … Read more
