The International Monetary Fund (IMF) spokesperson, Julie Kozack, announced that the Executive Board of the organization will soon convene to evaluate the recent bond swap measures taken by the Argentine government and decide on the disbursement of the agreed-upon USD 5.3 billion loan. Kozack also stated that the IMF is aware of the decision made by the Argentine government and is currently evaluating it according to the program's objectives. She emphasized the need for improving the functioning of the domestic bond market while avoiding future vulnerabilities and implementing strict macroeconomic policies.


Kozack reviewed the recent decisions made by the IMF regarding Argentina and the expected disbursement of USD 5.3 billion after the fourth review of the agreement between the country and the organization. She explained that the authorities of Argentina and the IMF had reached a staff-level agreement on the fourth review of the country's program, and once the Executive Board completes the review, Argentina will have access to the loan. However, Kozack did not provide a specific date for the meeting, stating that they expected it to happen soon.


The IMF also expressed its concerns about the impact of the drought, rising inflation, and the country's political context. Kozack stated that stronger policy measures are necessary to preserve stability, address inflation, and overcome political setbacks.


The Argentine government recently presented new measures to contain the rise of the dollar exchange rate, which included a bond swap for some of the dollar-denominated bonds held by the public sector and an auction system for the remaining portion of dollar-denominated securities. Government officials stated that they received approval from the IMF before making these decisions.