Overview

• The IMF Executive Board found that Argentina met most performance criteria under its 48-month Extended Fund Facility, despite a shortfall in mid-June reserve targets.
• The board’s approval enabled an immediate disbursement of SDR 1.529 billion (about US$2 billion), bringing total EFF payouts to SDR 10.729 billion (around US$14 billion).
• The fund credited Argentina’s policies with resuming disinflation, supporting economic expansion and facilitating an earlier-than-expected return to international capital markets, though borrowing costs remain high.
• Authorities remain committed to a zero-overall deficit goal and a primary surplus target of 1.6 percent of GDP while maintaining social assistance for vulnerable populations.
• The board encouraged further enhancements to the monetary framework, rebuilding of reserve buffers and implementation of structural reforms to bolster market confidence.