LatinNews Daily - 13 June 2025

*Julie Kozack, the director of the communications department at the International Monetary Fund (IMF), has said that the Fund “welcome[s] the recent measures” announced by Argentina’s central bank and finance ministry on 9 June to boost foreign reserves. In a media briefing, Kozack said that the measures, which included a repurchase agreement of up to US$2bn, “represent another important step in efforts to consolidate disinflation, support the government’s financing strategy and to rebuild reserves and, more specifically, steps to strengthen the monetary framework and to improve liquidity management”. She also highlighted the Argentine treasury’s “successful reentry into capital markets”, noting that “other actions to mobilize financing for Argentina are also expected to boost reserves, and stability overall for the country continues to be supported by the implementation of [a] strong fiscal anchor in the country”. In April the IMF approved a US$20bn loan deal for Argentina. Kozack said that the initial disbursement was US$12bn, with the programme’s goal to “support Argentina’s transition to the next phase of state stabilization and reform.” She added that a technical mission would visit Buenos Aires in late June “to assess progress on program targets and objectives and to also discuss the authority’s forward-looking reform agenda”.

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