Overview

• Kristalina Georgieva praised Argentina’s fiscal adjustment but warned its success hinges on winning public support.
• The IMF is coordinating a financial package with the U.S. Treasury, the World Bank and the IDB, with decisions expected soon, according to her comments to Reuters.
• Options under discussion include the United States lending its IMF Special Drawing Rights or providing a swap line, with reporting pointing to a potential facility around $20 billion.
• U.S. Treasury Secretary Scott Bessent has emphasized Washington is offering a swap rather than putting money directly into Argentina.
• Economy Minister Luis Caputo’s team is negotiating in Washington as the central bank sells dollars to defend the FX band, and local reporting indicates any U.S.-linked support would come with IMF conditionality and likely require a new or amended program.