Overview

• Economy Minister Luis Caputo is in Washington with José Luis Daza, Pablo Quirno and BCRA chief Santiago Bausili for negotiations with the U.S. Treasury and the IMF.
• IMF Managing Director Kristalina Georgieva said she spoke with Treasury Secretary Scott Bessent to coordinate support and discussed the use of U.S. SDR holdings, adding she expects talks with Argentine authorities in the coming days.
• Bessent described the prospective instrument as a roughly $20 billion currency swap and emphasized, "we are not putting money into Argentina," signaling no direct Treasury disbursement.
• Argentine sovereign bonds advanced and the risk premium eased after the coordination signals, though no operational details or disbursement timetable have been announced.
• With legislative elections on October 26 and a Milei–Trump meeting on October 14, the government is seeking a pre‑election signal as Milei also courts domestic backing, including a renewed push with Mauricio Macri for congressional support.