IMF Technical Mission Arrives in Buenos Aires to Open Third Program Review

An IMF technical mission arrived in Buenos Aires on Monday to formally launch the third review of Milei's $20 billion Extended Fund Facility program, meeting with Economy Ministry and Central Bank officials. The review focuses on compliance with fiscal targets (a primary surplus goal cut to 1.4% of GDP from 2.2%), the inflation trajectory, and reserve accumulation — the Central Bank has purchased its committed $10 billion in reserves. The mission opened with country risk near 524-533 points, a multi-month high, as investors weighed election-year risk ahead of Milei's 2027 reelection bid. The IMF has trimmed its 2026 Argentina growth forecast to 3.5% from 4% and expects year-end inflation near 25%.