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Argentina will meet IMF targets “without problems,” Economy Minister Caputo says

Argentina will meet IMF targets “without problems,” Economy Minister Caputo says

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Named sources Ongoing story
  • Economy Minister Luis Caputo said Argentina would meet its fiscal and other performance targets under its IMF program.
  • Caputo said IMF and World Bank officials did not ask him about inflation, the deficit or rising loan delinquency during the G20 summit.
  • The next IMF review is scheduled for January 31, 2027, while Argentina owes the fund about $58.1 billion.

Luis Caputo says Argentina will meet its targets under the International Monetary Fund program “without problems,” and may comfortably exceed the fiscal goal if asset sales are included.

We will be meeting the IMF targets without problems. If you include asset sales, we will actually be comfortably exceeding them. But even without taking asset sales into account, we will meet the fiscal target as well.

— Luis CaputoArgentina’s economy minister described his expectations for compliance with the IMF program.

Speaking to La Nación during the G20 summit in Asheville, the economy minister said he had received no questions from IMF Managing Director Kristalina Georgieva, Deputy Managing Director Dan Katz or World Bank President Ajay Banga about Argentina’s inflation, deficit or rising credit delinquency. “They really have no concerns. In the United States, the Treasury and the Fund are much more optimistic,” Caputo said.

Caputo also met U.S. Treasury Secretary Scott Bessent in Asheville. He said they discussed Argentina’s situation and the international geopolitical environment, including the impact of the conflict in the Middle East.

No. Not even one question, nothing. Neither Georgieva, nor Katz, nor Ajay Banga, none of them.

— Luis CaputoCaputo said senior IMF and World Bank officials did not ask about Argentina’s economic indicators.

The next review of Argentina’s IMF program is scheduled for January 31, 2027, and will assess performance criteria through the end of December 2026. Caputo’s comments came a month after Georgieva visited Argentina and praised the country’s “macroeconomic progress and financial stability.” She said additional financing beyond the existing program was not expected to be necessary.

They really have no concerns. In the United States, the Treasury and the Fund are much more optimistic.

— Luis CaputoHe characterized the outlook he encountered among U.S. Treasury and IMF officials.

Argentina owes the IMF about $58.115 billion, making it the fund’s largest debtor. The debt represents 34.6% of the IMF’s outstanding credit.

Macroeconomic progress and financial stability

— Kristalina GeorgievaThe IMF chief used the phrase to describe Argentina’s recent economic performance during her visit.
About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.