An IMF supervisory mission has arrived in Argentina to begin the second review of the $20 billion agreement signed in April 2025. This mission coincides with the advancement of a regressive labor reform in the Senate. According to the Argentine Center for Political Economy (CEPA), after the review and disbursement, net reserve calculations will remain negative. The government must accumulate $12.843 billion in two months until March 31 to meet the target agreed with the IMF. Despite this, the government is expected to pass the audit and receive a $1 billion disbursement. However, Argentina still faces over $3.5 billion in IMF debt maturations throughout 2026. CEPA and other groups call for broad unity to counteract threats to their sovereignty and rights, demanding a general strike and a plan of struggle. They also emphasize that the Milei government aligns with U.S. interests, particularly the Trump administration, and supports imperial aggression in the region and the genocide in Gaza. They call for «No to paying a debt we do not owe».
IMF in Argentina: Agreement Review and Social Tension
An IMF mission has arrived in Argentina to review a $20 billion deal. The government must accumulate $12.8 billion by March, but experts warn net reserves will remain negative. This coincides with the push for an unpopular labor reform and sparks mass protests.