Overview
- A technical mission led by Vice Minister José Luis Daza, with Central Bank director Federico Furiase in the team, is in Washington to secure a staff‑level agreement on the second review.
- If approved, the review would release about $1 billion, with a waiver expected after Argentina missed the 2025 net‑reserve target by a wide margin (about –$14.1 billion versus a –$1.0 billion goal).
- IMF concerns highlighted by sources include the postponed CPI methodology update, the quality of recent reserve gains, and legal exposure tied to a UK judgment on GDP‑linked bonds of roughly $1 billion that could be enforced in the United States.
- The Central Bank has purchased more than $2.0–2.5 billion so far in 2026, though staff caution that debt payments can offset those gross purchases and limit net reserve accumulation.
- Separately, the government is preparing an investor roadshow in New York on March 9–12 focused on financing and privatizations, with reported interest in freight rail assets from Grupo México.