Overview

• IMF spokesperson Julie Kozack reaffirmed support for Argentina while pressing for a firm fiscal anchor, a coherent monetary and exchange‑rate framework, rebuilt reserves, and broad domestic political consensus.
• U.S. Treasury official Scott Bessent said Washington’s backing would take the form of a swap rather than fresh dollar disbursements, clarifying that there are no new dollars to send.
• The Argentine Senate overturned vetoes on a pediatric health emergency and university financing, with the Congressional Budget Office estimating a combined fiscal cost of about 0.25% of GDP, including 0.23% for universities.
• The Treasury reported consecutive deposit losses and resumed multi‑hundred‑million‑dollar FX sales to defend the official dollar ceiling near 1,425 pesos.
• Despite official expressions of support, markets weakened with a higher exchange rate, falling equities, and a jump in sovereign risk.