Overview
- Economy Minister Luis Caputo told the UIA conference the exchange-rate bands are well calibrated and said Argentina must “graduate” before any free float.
- Caputo said the government will keep buying foreign reserves “intelligently,” citing roughly $29 billion in prior purchases and signaling scope to add more.
- IMF spokeswoman Julie Kozack urged faster reserve accumulation and said the exchange-rate framework should support rebuilding buffers, while noting annual inflation has fallen sharply.
- Kozack acknowledged U.S. support as complementary to the IMF program after U.S. Treasury Secretary Scott Bessent confirmed a $20 billion swap was used in FX market intervention.
- Congressional leaders and governors signaled extraordinary December sessions to pass the 2026 Budget, with provincial backing linked to infrastructure, as industry groups push tax and labor modernization and Citi flags budget, reserves and reforms as the immediate priorities.