The Executive Board of the International Monetary Fund approved on Thursday the second review of the agreement signed with Argentina and authorized an immediate disbursement of USD 1 billion for the country, in another strong international backing for the economic program of Javier Milei.
The confirmation was quickly celebrated by the Minister of Economy, Luis “Toto” Caputo, who posted on his social media: “Agreement with the IMF approved by the Fund's Board. TMAP (Everything is Going According to Plan)”, accompanied by the Argentine flag and the official statement from the organization.
The IMF's approval comes after several weeks of market anticipation and consolidates the organization's support for the libertarian stabilization plan, which has already achieved a significant deceleration of inflation, fiscal surplus, and recovery of economic activity.
In its official statement, the Fund highlighted that “the implementation of the program has remained solid” despite a more complex international context and emphasized that the fiscal, monetary, and regulatory reforms promoted by the Government have allowed to strengthen reserves and improve macroeconomic stability.
Additionally, the organization praised the progress of structural reforms in fiscal, trade, and labor areas, and stated that the Government maintains a “strong and unwavering commitment” to fiscal balance.
The Managing Director of the IMF, Kristalina Georgieva, stated that the Milei administration “has continued to make strong progress in stabilization and creating a more market-oriented economy”. She also emphasized that recent changes in the monetary and exchange rate framework helped to rebuild reserves and strengthen market confidence.
The approved disbursement is part of the Extended Fund Facility program agreed upon in 2025 for USD 20 billion. With this new disbursement, the total disbursements under the program reach approximately USD 15.8 billion.
Milei alongside the director of the IMF, Kristalina Georgieva.
In parallel, the IMF again highlighted some of the main economic results of the Milei Government. Among them, it mentioned the drop in inflation, the first primary fiscal surplus in years, and the reduction of poverty, which according to the organization is “below 30%, the lowest level in seven years”.
The report also noted that the Government must continue to deepen economic deregulation, strengthen trade openness, and maintain fiscal discipline to consolidate growth and fully regain access to international financing.
