Argentina

The IMF has approved a USD 4.7 bln disbursement to Argentina as part of a renegotiated USD 44 bln program, marking a significant step under President Milei’s administration. This disbursement follows recent political shifts and economic reforms, including the removal of key austerity measures to gain legislative support. Despite these changes, Economy Minister Caputo noted that Argentina is on track to achieve a primary surplus of 2% of GDP this year, aligning with IMF targets.