The International Monetary Fund expressed support for Argentina’s economic reforms during a Thursday announcement before conducting a review of the $20 billion loan program.
The central bank of Argentina presented Phase 3 economic reforms to President Javier Milei during the previous week. The government implemented three major economic reforms which included currency control relaxation and peso floatation and a $2 billion repurchase agreement to build up reserves.
IMF communications director Julie Kozack described these actions as essential for lowering inflation rates and achieving economic stability in Argentina. The Treasury’s ability to access new markets will accelerate the process of rebuilding its reserves.
The IMF technical mission plans to visit Buenos Aires during the upcoming month to evaluate Argentina’s progress toward its agreed targets and to work with officials on future reform strategies.
Kozack acknowledged that the government faces economic challenges but praised their “notable and impressive” progress toward achieving stabilization targets.
The Milei administration believes that strong economic reforms combined with increased IMF collaboration will bring back investor trust and create conditions for sustained growth. The upcoming visit represents the first official assessment of the newly established loan agreement.
