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[BUSINESS] · Argentina · 12 sources

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Argentina pays US$ 795 million to IMF amid rising dollar demand

Argentina's government has completed a US$ 795 million interest payment to the International Monetary Fund (IMF), contributing to a decline in the Central Bank's international reserves, which currently stand at approximately US$ 48.245 billion.

In response to potential economic volatility during the 2027 election year, Economy Minister Luis Caputo is developing a financial shield to address rising dollar demand. While the official program accounts for US$ 24.9 billion in Treasury maturities for 2027, market analysts warn that private sector demand for foreign currency could reach between US$ 30 billion and US$ 40 billion.

To bolster liquidity, the administration is negotiating new credit lines and utilizing guarantees from multilateral organizations like the World Bank, CAF, and Fonplata. Recent data from the Central Bank shows a 46.2% monthly increase in net dollar purchases by individuals, rising to US$ 4.124 billion in July. Meanwhile, an IMF technical mission led by Joyce Wong is in Buenos Aires to review the current economic program.

Entities

Argentina · Central Bank of the Argentine Republic · Gita Gopinath · International Monetary Fund · Joyce Wong · Luis Caputo

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