While the approval of the IMF Board is still pending, Caputo assured that the amount has already been agreed upon
"It was said that the Fund demanded a 30% devaluation. Others spoke of 7%. It was also said that the agreement would be only USD 3 billion or 5 billion. None of those claims were true", the minister explained.
According to Caputo, these rumors not only lack foundation but were spread with the intention of creating instability in the economy.
The Minister of Economy, Luis Caputo, announced that the agreement with the International Monetary Fund (IMF) under negotiation will reach a total of USD 20 billion. The statement was made during the XXIII Annual Conference on Insurance Regulation and Supervision in Latin America ASSAL IAIS 2025, held at the Buenos Aires Stock Exchange.
Although the approval of the IMF Board is still pending, Caputo assured that the amount has already been agreed upon with the organization's technical staff and that its objective is to strengthen the Central Bank's reserves.
Caputo highlighted that the figure will be formally presented once the IMF's board advances with the final approval. Meanwhile, the Government is negotiating additional financing packages with the World Bank, the IDB, and the CAF, all freely available, with the same aim of bolstering reserves.
"The amount we agreed with the staff that we will submit for Board approval is USD 20 billion", Caputo stated.
The minister also detailed that, with the addition of these new contributions, the Central Bank's gross reserves could reach USD 50 billion in the coming months.
Caputo took the opportunity to debunk claims about a possible devaluation of the peso imposed by the IMF, a topic that had caused uncertainty in the markets.
The minister also referred to the recent mobilizations and political pressures, noting that the opposition is trying to destabilize the Government.
"From minute one there was an effort by some sectors to create chaos", he stated.
According to Caputo, the criticisms toward the Government and the opposition's attempts to block the agreement with the IMF respond to a political strategy to undermine Javier Milei's administration.
Caputo emphasized that this agreement with the IMF has different characteristics compared to previous negotiations. Although he avoided giving details about the exact conditions, he stressed that it will not involve the drastic adjustment measures that some analysts expected.
With this new understanding, the Government hopes to clear uncertainties and ensure a flow of financing that allows maintaining exchange rate stability and strengthening the economy.
