The Government of Javier Milei reached a staff-level agreement with the International Monetary Fund (IMF), allowing access to nearly $1 billion within the framework of the second review of the Extended Facilities (EFF) program
.The definition comes after the approval of Budget 2026 and key structural reforms, promoting the economic plan of the libertarian administration.
According to the organization's statement, the Argentine authorities and the technical team “reached an understanding on a solid and balanced policy package, aimed at consolidating disinflation, external stability and growth, thus supporting timely and sustainable access to markets.” This progress leaves the country waiting for the final approval of the IMF Board of Directors to finalize the disbursement
.
The IMF praised the Government
The Fund especially highlighted the capacity of the Milei Government to advance structural reforms and to organize key variables of
the economy.In this regard, he stressed that “the administration achieved parliamentary approval of Budget 2026 and critical legislation aimed at formalizing residents' possession of financial assets, increasing labor flexibility, ratifying key trade agreements and unlocking investment in mining.”
One of the most important points pointed out by the body is the improvement on the external front. According to the report, “central bank foreign exchange purchases exceeded $5.5 billion so far this year,” strengthening the country's capacity to “manage
shocks.”In addition, the IMF stressed that “Argentina continues to withstand the effects of the war in the Middle East well, given the advances in its fundamentals and its status as a net energy exporter.”
The statement also highlighted signs of economic normalization, such as the fact that, for the first time in six years, companies were able to “repatriate dividends”, reflecting greater
