Overview

• IMF spokesperson Julie Kozack said staff is closely engaged with Argentina and supports the program’s fiscal anchor plus its monetary and exchange-rate framework.
• President Javier Milei and Economy Minister Luis Caputo reiterated that the exchange-rate bands will be maintained and that the government will continue deregulation, as the coalition sets up a national political table.
• After Monday’s selloff pushed the official dollar near the band ceiling around 1,460–1,468 pesos and lifted country risk above 1,100, local assets posted a partial technical rebound on Tuesday.
• The Treasury intervened within the agreed bands to temper volatility, with private estimates pointing to roughly USD 500 million in sales, a step permitted by the IMF program without prior approval.
• Analysts warned confidence remains fragile despite the IMF signal, citing strained reserves and earlier policy missteps flagged by Martín Redrado, with attention now turning to the October 26 elections.