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Milei Reprograms New York Trip to Seek IMF and Trump Meetings During Market Strain

Mounting reserve losses and congressional setbacks have pushed the government to pursue foreign backing, with officials denying a $30 billion U.S. loan.

Overview

  • After a one‑day delay, Javier Milei heads to New York to meet IMF leadership on Tuesday, hold a bilateral with President Donald Trump, and address the UN General Assembly on Wednesday.
  • Argentina’s central bank sold about USD 1.1 billion last week to meet dollar demand, and the country risk index climbed above 1,400 points as pressure on the peso intensified.
  • The government announced temporary elimination of export duties on all grains through October 31 to accelerate hard‑currency inflows and reinforce reserves.
  • Congress rejected several presidential vetoes, including the automatic redistribution of ATN funds to provinces, and the Executive promulgated the Disability Emergency law but suspended its application.
  • Foreign Minister Gerardo Werthein publicly ruled out a USD 30 billion U.S. loan, even as officials confirm contacts with Washington to explore special support.