Overview

• Kristalina Georgieva said Argentina’s "very drastic" fiscal adjustment will only succeed if the public supports it, speaking at the Milken Institute in Washington.
• She told Reuters the IMF is working with the U.S. Treasury, the World Bank and the IDB on a financial assistance package and expects decisions soon.
• Options under consideration include a U.S. transfer of Special Drawing Rights or a swap line, while reports of a roughly $20 billion swap remain unconfirmed.
• Economy Minister Luis Caputo and senior officials have held meetings in Washington with Treasury Secretary Scott Bessent and IMF leadership as talks continue.
• Georgieva emphasized rebuilding foreign‑exchange reserves as the immediate priority and said, optimistically, this could be the last IMF program with Argentina.