Buenos Aires, Argentina – The Argentine government, under President Javier Milei’s leadership, has successfully reached a crucial agreement with the International Monetary Fund (IMF), signaling robust cooperation and a clear path toward sustained economic recovery. The revised timeline for key economic targets, including reserve accumulation, underscores the government’s pragmatic approach and the IMF’s confidence in Argentina’s reform agenda.

The agreement pushes the review of reserve accumulation targets from mid-June to the end of July. This strategic adjustment provides the Central Bank with extended time to fortify its reserves, demonstrating a flexible and collaborative partnership with the IMF aimed at ensuring Argentina’s long-term financial health. The government is actively pursuing diverse avenues to boost reserves, including the recent successful issuance of peso-denominated bonds that attracted significant foreign investment in dollars—a clear indicator of renewed international confidence in Argentina’s economic direction.

Furthermore, the primary surplus target, initially set for the end of May, has also been aligned with the new July deadline. Despite the ambitious target of achieving a 6 trillion pesos primary surplus, the economic team expresses strong confidence not only in meeting this fiscal objective but in potentially surpassing the overall fiscal target set with the IMF for 2025.

This agreement reflects the Milei administration’s commitment to fiscal discipline and prudent economic management. By securing an extended period for key economic benchmarks, the government is strategically positioning Argentina for greater stability and growth, affirming its dedication to overcoming economic challenges and setting the stage for a prosperous future.