International Monetary Fund (IMF) Managing Director Kristalina Georgieva is scheduled to visit Argentina on Monday to meet with President Javier Milei. The Washington-based institution has consistently shown support for Milei, who assumed office in 2023 with a mission to revitalize the economy through reduced public spending and controlled inflation.
During her visit, Georgieva plans to meet with Economy Minister Luis Caputo, Central Bank director Santiago Bausili, and experts from the business and academic sectors. She will also tour Vaca Muerta, a critical oil and gas production site approximately 1,200 kilometers from Buenos Aires.
IMF spokesperson Julie Kozack stated that the visit is "an opportune time for us to take stock of the progress made under the current program with the Argentine authorities." The visit comes as Argentina's economy shows mixed results under Milei's leadership. Although inflation has decreased over the past three months, it remains high at 33.5 percent year-on-year.
Economic growth has been sluggish, with a 0.2 percent year-on-year increase, falling short of the IMF's 3.5 percent forecast for 2026. Consumer activity is weak, and mortgage defaults have tripled over the past year, reaching 12.8 percent—the highest level in two decades. Some left-wing political parties are organizing protests to give Georgieva an "unwelcome" reception.
In 2025, Argentina finalized an extended fund facility agreement worth $20 billion over four years with the IMF. In May, the IMF approved a $1 billion tranche under this agreement. Following Argentina, Georgieva is expected to travel to Uruguay to meet with President Yamandu Orsi.
