Overview

• IMF chief Kristalina Georgieva told Bloomberg she sees a "genuine change for the better" in Argentina and noted continuing domestic support for building a "normal" economy.
• Georgieva said the Fund is working hand in hand with Argentine authorities and partnering closely with the U.S. Treasury, the World Bank and the IDB due to the scale of assistance.
• U.S. Treasury Secretary Scott Bessent publicly praised Georgieva’s leadership and indicated Argentina’s assistance envelope could reach about $40 billion.
• Argentina’s central bank president, Santiago Bausili, said the $20 billion swap with the U.S. Treasury could be activated very soon, potentially before the October 26 legislative elections.
• Recent personnel moves, including Dan Katz’s October 6 appointment to a senior IMF role, underscore the closer alignment as multilateral lenders move to accelerate support.