The International Monetary Fund (IMP) announced that it successfully concluded the first technical review of the agreement signed with Argentina in April 2025, which opens the door to a disbursement of approximately USD 2,000 million, subject to the approval of the agency’s executive directory.
This step represents an explicit support for the economic direction adopted by the government of Javier Mileiwhich has been praised by the IMP Due to its implementation of restrictive macroeconomic policies, its fiscal commitment and the ordered transition towards a more flexible exchange regime.
The agreement reached between the IMF technical staff and Argentine authorities evaluates the first three months of the Economic Reform Program backed by the Expanded Fund Service (SAF)which includes a total of USD 20,000 million in financing over 48 months.
In April, Argentina had already received a first disbursement of USD 12,000 million, and this new section of USD 2,000 million is conditioned to the approval of Board, which will meet at the end of July.
According to the official statement of the IMPThe program “has had a solid start despite a more challenging external context”, highlighting the continuity of disinflation, sustained economic growth and poverty reduction.
In addition, it is emphasized that Argentina has managed to reintegrate into international capital markets earlier than expected, which represents an important milestone for the recovery of global financial trust.
Praise to government
He IMP He did not spare in praise towards the Argentine government. The spokeswoman of the agency, Julie Kozack, said that the program has been based on “the continuous implementation of restrictive macroeconomic policies, which include a solid fiscal anchor and a restrictive monetary policy.”
He also highlighted the transition to a more flexible exchange rate regime, which has been developed in an orderly manner, and the elimination of most exchange controls, measures that were considered key to market stabilization.
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