Overview
- President Javier Milei said negotiations with Washington are well advanced, with discussions centered on Treasury support that could tap the Exchange Stabilization Fund.
- Reported scenarios vary from about US$10 billion to as much as US$30 billion, with coverage noting any facility would include conditions and would not deliver funds immediately.
- The White House bilateral with President Donald Trump is confirmed and framed as a market confidence signal, alongside a meeting with IMF chief Kristalina Georgieva.
- The central bank sold roughly US$1.11 billion over three sessions to defend the peso’s band, as Economy Minister Luis Caputo vowed to keep selling and to guarantee January and July 2026 bond payments.
- IMF disbursements of about US$14 billion now account for most liquid resources, while market stress intensified after a provincial election setback and a corruption scandal cited in Financial Times coverage.