Overview
- Georgieva concluded a two-day visit after touring Loma Campana in Vaca Muerta on Tuesday and publicly backed the Milei administration’s program while saying the IMF does not foresee additional financing for 2027 debt maturities.
- She praised macroeconomic gains such as lower inflation, a fiscal surplus and heavier central-bank reserve purchases that have lifted reserves toward reported levels near US$49 billion.
- The IMF chief urged continued structural reforms and stability to attract investment, while highlighting the need to extend growth to lagging sectors and to generate more formal employment.
- Georgieva met President Javier Milei, Economy Minister Luis Caputo, held a public briefing with officials, and closed her first day with a private dinner with about ten top business leaders to hear the private sector’s view.
- The visit shifts focus to energy-driven export growth, with Argentina and YPF presenting Vaca Muerta as a key source of dollars, and it sets the stage for an IMF program review that will check fiscal, monetary and reserve targets.