The IMF insists on Argentina's "progress," but the review is delayed.

The International Monetary Fund ( IMF ) confirmed that technical talks with the Argentine government to finalize the first review of the current agreement "are well advanced ," although it declined to set a date for approval of the corresponding disbursement. The confirmation came from the organization's spokesperson, Julie Kozack , during a press conference in Washington.

"The discussions regarding the first review, which many of you have mentioned, are well advanced. The next step in these discussions will be to reach an agreement at the technical staff level between the authorities and the staff," Kozack stated, suggesting that the finalization of the agreement could occur in the coming days.

The official also confirmed that an informal meeting has already taken place between Fund staff and members of the Executive Board, which represents a preliminary step before the formal submission of documents to be reviewed and approved. "This could happen very soon, and after reaching this agreement, as you know, the staff will subsequently submit the documents to the Executive Board for approval and consideration," the spokesperson added.

Although he declined to provide details, he emphasized that the program "has gotten off to a solid start" and maintained that the IMF values the implementation of orthodox economic policies. In this regard, he explained that the start of the agreement was "supported by the continued implementation of restrictive macroeconomic policies, including a solid fiscal anchor and a restrictive monetary policy," and emphasized that "the transition to a more flexible exchange rate regime has been smooth."

He also highlighted progress in price stabilization and financial restructuring: "Deflation has resumed, and Argentina has regained access to international capital markets ahead of schedule."

Despite the optimistic tone, Kozack emphasized the need to remain cautious until the outstanding details are finalized. "I won't provide any further details. We'll give them time to conclude those discussions, and of course, we'll communicate once they're concluded. And, again, we believe a personnel-level agreement could happen very soon," she concluded.