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Caputo Presses Milei Plan at G20, Seeks U.S. Treasury Support and IMF Backing

An explicit IMF endorsement would ease Argentina’s debt timeline and strengthen Central Bank reserves.

Overview

  • Argentina’s Economy Minister Luis Caputo is in the U.S. for G20 finance meetings to defend President Javier Milei’s economic program and speak on growth and stability.
  • Caputo has prioritized a bilateral conversation with U.S. Treasury Secretary Scott Bessent to thank Washington and secure continued political and market support.
  • Argentine officials say they hope to obtain an IMF endorsement for recent reforms because such backing could make it easier to reschedule upcoming debt maturities and rebuild the BCRA’s net reserves.
  • Coverage differs on whether Caputo met IMF Managing Director Kristalina Georgieva; BAE Negocios reports a meeting and that he presented the new Central Bank charter to peers, while other outlets treat that account as unconfirmed.
  • Caputo traveled with Central Bank chief Santiago Bausili and Economic Policy Secretary José Luis Daza and is expected to return to Argentina later this week to continue domestic political and legislative work.