## 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

_IMF Staff Country Reports, May 22, 2026_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: May 22, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229046831.002

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### Program progress and recent performance
- 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.

### Policy discussions and priorities
- 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.

### Key thematic areas covered
- Exchange rate arrangements; Exchange rates; Foreign exchange
- Inflation; Prices
- Structural reforms to raise productivity, investment, and formal employment
- External sustainability and reserve rebuilding

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_Source: https://www.imf.org/en/publications/cr/issues/2026/05/22/argentina-2026-article-iv-consultation-second-review-under-the-extended-arrangement-under-576253_