Overview
- The Treasury executed the $796 million interest payment to the IMF on November 7 after a one‑week delay, marking the year’s largest obligation to the lender.
- The transfer used IMF Special Drawing Rights held by the central bank, with the Treasury acquiring the dollars via a new swap of non‑transferable notes.
- Official data show gross international reserves fell by about $753 million on the day to roughly $40.26 billion.
- Officials argue that meeting IMF commitments bolsters credibility, while economists note Treasury deposits were recently about $148 million and caution that thinner reserves limit policy space.
- With 2025 payments completed, Argentina faces roughly $3.349 billion in interest and $1.145 billion in principal to the IMF in 2026, with interest due in February, May, August and November and capital in September and December.