The International Monetary Fund (IMF) stated today that Argentina will be able to access the additional disbursements established in the future agreement, even if the program doesn't obtain support in Congress or isn't addressed in Parliament.
"Securing Congress's support is a decision for the authorities as established by Argentine domestic legislation. Meanwhile, of course, as I just pointed out, broad political and social support can enhance the program's implementation," explained Julie Kozack, IMF's communications director.
"Questions related to the specific process for achieving or seeking Congress's support should really be directed to the Argentine authorities because it's a matter of domestic law," explained Julie Kozack, IMF's communications director.
Additionally, she added: "From our side, as I noted, negotiations continue constructively. In terms of the process from the IMF's side, once negotiations are completed, as with any IMF program or proposed program, the final agreement, the documents will require the approval of the IMF's Executive Board."
Julie Kozack's statements clear the only political uncertainty remaining in Javier Milei's Government. It is now completely confirmed that the Casa Rosada will have the additional disbursements, regardless of their final amount, once the IMF's board approves the so-called Staff Level Agreement (SLA).
Negotiations with the IMF
President Javier Milei has a political advantage in his negotiation with the International Monetary Fund: he has the support of Donald Trump, who exerts influence over the organization through the Treasury Department.
A day after the meeting between Milei and Trump, the Treasury Secretary, Scott Bessent, received Argentine Economy Minister Luis "Toto" Caputo in his office, who was in Washington with the president.
