Overview
- IMF spokesperson Julie Kozack said on Thursday, November 12, 2026 that IMF staff completed the third review of Argentina’s program and publicly reaffirmed the Fund’s backing of the government’s policies.
- The staff-level agreement would free about US$900 million but the formal payout depends on Executive Board approval expected to be considered in early December.
- The Fund attributed the recent spike in Argentina’s sovereign risk premium to a mix of global investor moves, regional events and domestic factors and recommended against overreacting to short-term market swings.
- Kozack highlighted measurable program gains, noting continued disinflation, a shift from fiscal deficit to surplus, reserve accumulation above targets, and active steps to cut refinancing risk such as lengthening peso bond maturities.
- If the Executive Board approves the tranche, the funds would strengthen reserves and support the IMF program’s goals for disinflation and growth, while the Fund stressed that preserving the fiscal anchor and building resilience remain key to avoid renewed market stress.