Overview
- The interest payment, postponed from last week, was completed Friday and marked the biggest IMF due this year.
- Gross international reserves reported by the BCRA fell to about $40.26 billion following the transfer.
- Funds came from SDRs held at the central bank after the Treasury bought dollars through a swap of non-transferable notes.
- Officials say honoring the program strengthens credibility, while analysts warn the reserve drop narrows room to manage FX pressures and import needs.
- This transaction closes out Argentina’s 2025 IMF obligations under the renegotiated program, with IMF discussions on the agreement reported for Friday.