{
  "title": "Argentina: 2026 Article IV Consultation, Second Review under the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Financing Assurances Review",
  "publication": "IMF Staff Country Reports, May 22, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2026/05/22/argentina-2026-article-iv-consultation-second-review-under-the-extended-arrangement-under-576253",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2026/05/22/argentina-2026-article-iv-consultation-second-review-under-the-extended-arrangement-under-576253",
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  "summary": "This paper presents Argentina’s 2026 Article IV Consultation, Second Review under the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Financing Assurances Review.",
  "sections": [
    {
      "heading": "Program progress and recent performance",
      "content": "- The authorities continue to make progress in stabilizing the economy, although political uncertainties during 2025 temporarily slowed growth and the disinflation process.\n- Program performance was mixed through end-2025, with delays in reserve rebuilding interacting with political uncertainty to weigh on Argentina’s external position.\n- While the end-2025 fiscal targets were met, the net international reserves accumulation target was missed, largely reflecting a surge in dollarization ahead of the elections."
    },
    {
      "heading": "Policy discussions and priorities",
      "content": "- Near- and medium-term policy focus: securing a durable stabilization process, drawing on lessons from other successful emerging market cases.\n- Authorities’ commitment: maintaining stability through macroeconomic policies that appropriately balance disinflation, external sustainability, and growth objectives.\n- Complementary agenda: continued structural reforms aimed at boosting productivity, investment, and formal employment, while creating a more open and competitive economy."
    },
    {
      "heading": "Key thematic areas covered",
      "content": "- Exchange rate arrangements; Exchange rates; Foreign exchange\n- Inflation; Prices\n- Structural reforms to raise productivity, investment, and formal employment\n- External sustainability and reserve rebuilding\n\n---\n\n Content in this bundle\n\n- 1argea2026001\n  - 1argea2026001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1argea2026001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 22, 2026",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229046831.002",
    "The authorities continue to make progress in stabilizing the economy, although political uncertainties during 2025 temporarily slowed growth and the disinflation process.",
    "Program performance was mixed through end-2025, with delays in reserve rebuilding interacting with political uncertainty to weigh on Argentina’s external position.",
    "While the end-2025 fiscal targets were met, the net international reserves accumulation target was missed, largely reflecting a surge in dollarization ahead of the elections.",
    "Near- and medium-term policy focus: securing a durable stabilization process, drawing on lessons from other successful emerging market cases.",
    "Authorities’ commitment: maintaining stability through macroeconomic policies that appropriately balance disinflation, external sustainability, and growth objectives.",
    "Complementary agenda: continued structural reforms aimed at boosting productivity, investment, and formal employment, while creating a more open and competitive economy.",
    "Structural reforms to raise productivity, investment, and formal employment",
    "External sustainability and reserve rebuilding",
    "**1argea2026001**"
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