IMF Approves Second Review of $20B Program, Releases $1 Billion Disbursement

The IMF Executive Board approved the second review of Argentina's $20 billion Extended Fund Facility, releasing a $1 billion disbursement and bringing cumulative disbursements to approximately $15.8 billion. The Fund revised its 2026 inflation projection upward sharply to 30.4% while maintaining a 3.5% GDP growth forecast. The IMF called for improved inflation-data quality following a methodology dispute that led to changes at INDEC earlier in 2026. The federal primary surplus is projected at 1.4% of GDP for 2026.