Overview
- IMF spokesperson Julie Kozack said Thursday the Executive Board will meet next week to consider Argentina’s second review, which would unlock $1 billion if approved.
- The staff-level deal reached in mid-April set a primary surplus goal of 1.4% of GDP for 2026 and about $8 billion in net reserve accumulation, reaffirming a zero-deficit fiscal anchor.
- After the Board decision, the IMF will publish the staff report and a communiqué outlining the updated conditions and projections for the program.
- The IMF cut its 2026 outlook for Argentina, lowering expected growth to 3.5% and raising its inflation forecast to about 30.4%.
- The Fund said a recent Fitch upgrade helped narrow Argentina’s borrowing spreads, which could support a path back to international capital markets.