Overview

• Kristalina Georgieva said Argentina is executing a very drastic fiscal adjustment and warned its success depends on winning broad public backing.
• Citing Central and Eastern Europe, she noted leaders who imposed 40%–50% cuts to pensions and salaries were later reelected after building public trust.
• Asked about talks tied to U.S. Treasury support, Georgieva said, "We are working," as Economy Minister Luis Caputo and his team held meetings in Washington with Treasury officials and engaged the IMF.
• Argentine officials are set to participate in next week’s IMF and World Bank Annual Meetings in Washington, where program direction and financing signals are in focus.
• In a wider outlook, Georgieva said global growth is better than feared but worse than needed, flagged that the full impact of U.S. tariffs is still to be seen, highlighted record demand for gold as a risk signal, and stressed consolidation must pair spending restraint with growth-supporting policies and credibility.