The IMF supported the reform of the Organic Charter of the BCRA and highlighted Milei's economic direction

The era of fiscal irresponsibility has come to its definitive end under the leadership of President Javier Milei. In a turn that marks the recovery of economic sovereignty, the International Monetary Fund (IMF) openly praised the financial program announced by the economic team to address foreign currency maturities, ensuring that these measures have boosted market confidence and the transparency of the public sector.

“Greater transparency and predictability regarding public sector financing and reserve accumulation will help strengthen market confidence”, stated the organization's spokesperson, Julie Kozack, highlighting the significant decrease in country risk achieved by the libertarian administration.

This international endorsement comes as the Government moves into the final phase of dismantling the looting mechanisms that sank the country. The president confirmed a comprehensive reform of the Organic Charter of the Central Bank of the Argentine Republic (BCRA), designed to prohibit and criminalize monetary issuance intended to finance the fiscal deficit. For Javier Milei, issuance for the Treasury is nothing more than a “fraud” and a “counterfeiting of currency”, crimes that will now be prosecuted.

“Fraud and counterfeiting of currency are criminal offenses. So we can even use parts of the existing Penal Code”, emphasized the President after a strategic meeting at the Quinta de Olivos with the Minister of Economy, Luis "Toto" Caputo, the Minister of Deregulation, Federico Sturzenegger, and the head of the BCRA, Santiago Bausili.

The international organization explicitly supported this institutional change, stating that the reform “will strengthen the institutional safeguards that protect the independence of its policy” and eliminate the perverse fiscal dominance. According to Kozack, these efforts are the key piece for a “sustained reduction of inflation”, the absolute priority of the Executive.

In terms of solvency, the numbers of success are irrefutable:

For the remainder of 2026, financing needs are USD 19.2 billion, fully covered by sources totaling USD 22.9 billion.

For 2027, the necessary USD 24.9 billion is available, thanks to the positive balance of USD 3.7 billion that the current exercise will leave.

The Central Bank's reserves have already jumped to a new maximum of the Milei era, exceeding USD 49 billion after a recent increase of USD 1.2 billion.

The BCRA's foreign currency purchases so far this year have already surpassed USD 11 billion.

The IMF described the advances in economic deregulation and reformist legislation in the fiscal, commercial, and labor areas as “impressive”. This climate of mutual confidence will be sealed with the visit of Managing Director Kristalina Georgieva to Argentina on July 28 and 29, by direct invitation from Milei.

While the political elite watches in astonishment, the real economy responds: the IMF projects an expansion of 3.5% for 2026 and 4% for 2027. The Government's commitment to fiscal balance will remain unchanged through “greater reductions in energy subsidies” and “containment of discretionary spending”, halting any attempts at sabotage by Congress. With a “shutdown” system ready to turn off the State if the budget runs out, President Javier Milei assures that Argentina will be great again, forever protecting the value of citizens' efforts.