In the middle of a complex economic scenario, the International Monetary Fund (IMP) again occupied the center of the scene in Argentina. On Tuesday, July 22, the Board of Directors of the agency held an informal meeting to evaluate compliance with the goals of the economic program agreed with the country, which could unlock a disbursement of USD 2,000 million to the Central Bank.
Although it was not a formal session, these types of meetings are common as a prelude to key decisions within the multilateral organism. The current program between Argentina and the IMP It was renewed in April 2025 under the extended facilities scheme (EFF), with a total amount of USD 20,000 million.
This agreement seeks to stabilize the Argentine economy, strengthen international reserves and recover access to financial markets. The ongoing review corresponds to the first three months of implementation of the new program, and its approval is a necessary condition to release the next section of financing.
According to the Bloomberg agency, the Board of Directors IMP He met informally to receive an updated report from the Technical Staff about the advancement of negotiations with Argentina. These preliminary meetings allow Board members to become familiar with details before issuing a formal decision.
In it Government Argentine, although no specific dates were confirmed, it is expected that the approval of the disbursement can be completed next week, before the summer break in Washington. The technical review focuses on two main objectives: the primary surplus and the accumulation of reserves.
While the first would have been fulfilled thanks to a strong fiscal adjustment, the second represents the greatest challenge. The cutting date to evaluate the reservations was on June 13, and according to private estimates, the Central Bank would have remained USD 4,000 million below the established goal.
Revision
To compensate for this deficit, the Government It activated alternative mechanisms such as direct currency purchases by Treasury, from debt emissions from provinces and companies. Between June 23 and July 17, USD 641 million would have been acquired, although there could be additional operations not yet reflected in the official data.
In parallel to the review, the IMP He published a report in which he warns that the Argentine economy needs more reserves, structural reforms and greater foreign investment. The agency considers the sustained implementation of the EFF program to maintain a solid commercial balance and recover access to international markets.
Followers in Google News And in our channel of Instagramto continue enjoying the latest news and our best content.
