Overview

• IMF has scheduled its Board meeting for July 30 to review the staff-level agreement and decide on the US$2 billion tranche
• Argentina failed to meet its June reserves accumulation target, leaving central bank reserves in negative territory and spurring calls for a waiver
• Treasury Minister Luis Caputo is advancing a four-pillar strategy—privatizations, concessions, asset sales and block purchases—to shore up foreign currency reserves
• IMF spokesperson Julie Kozack said technical teams must finalize their staff-level accord before the Board can approve the first review and unlock funds
• Economists warn that persistently low reserves will hinder a drop in country risk and restrict access to foreign capital ahead of US$4.4 billion in debt maturing in January 2026