According to the organization, this performance will be supported by expenditure containment, subsidy reductions, and the implementation of structural reforms in key areas such as the tax system, social security, and fiscal federalism.
On the external front, the IMF projects a progressive improvement in the current account deficit, which would decrease from 1.1% of GDP in 2025 to 0.8% in 2026, and then drop to 0.6% in 2027 and 2028. This result would be driven by favorable terms of trade and greater contributions from strategic sectors such as energy and mining.
Furthermore, the report anticipates a strengthening of external financing flows, leveraged by a greater foreign direct investment, including projects under the Large Investment Incentive Regime (RIGI), new corporate issuances, capital repatriation, and improved access to international credit.
In this context, the organization projects a strong accumulation of net international reserves of the Central Bank, which would exceed USD 8 billion in 2026, reach USD 11 billion in 2027, and arrive at USD 17 billion in 2028.
The IMF concludes that the combination of prudent macroeconomic policies, greater exchange rate flexibility, and reforms aimed at boosting exports will be key to consolidating a sustained growth and improving Argentina's access to international markets.
