The government of Javier Milei Last details for a crucial mission in Washington. With the recent one APPROVAL OF THE CONGRESS to the extended facilities program, which will refinance the dollars owed to IMP and will grant new disbursements, The main officials of the economic area prepare a visit to the heart of global financial power.
The chief of cabinet, Guillermo Francos, confirmed the possibility of an imminent tripin what is emerging as the decisive step to obtain funds that strengthen the reserves of the Central Bank and allow, according to official plans, dismantle the exchange rate that still weighs on the Argentine economy.
The agenda in the US capital does not support improvisations. The team led by the Minister of Economy, Luis Caputowill face one Complex negotiation with the IMFheaded by Kristalina Georgieva, Where They will put key themes on the table: the exchange rate unification “A recurrent demand of the organism,” The Blend scheme, the flotation bands, the gap, the CCL and MEP dollar and the viability of the tax adjustment that achieved a primary surplus in 2024. Far from being a mere formality, the appointment requires demonstrating that libertarian reforms have solid foundations, capable of resisting the social and economic tensions that still persist. A successful agreement could translate into a significant disbursement, but the cost will imply commitments that the Government must calibrate precisely.
Sales for almost US $ 1,000 million from the BCRA
The immediate scenario does not give too much. The latest statements by Minister Luis Caputo – but also relevant omissions – made it clear that Some changes in politics with the dollar are coming. This was reflected in the future dollar contracts and in the operation of those who usually have access to the single and free market (MULC) that forced the Sale of reservations by BCRA. In the last days, the BCRA knotted sales for almost US $ 1,000 million. While several of these contracts were attenuated in their stampede, the government’s passivity caught attention, letting out, which was interpreted by some market referents as a clear evidence that the government does not even believe in the continuity of the devaluation of 1% monthly.
In the Palace of Finance, the expectation is as high as caution. International markets, with The Wall Street Journal and Bloomberg At the head, they analyze every step of the “Milei experiment”, praising their advances but questioning their sustainability. This visit to Washington is not just a technical management: it represents a fire test for the credibility of a model that presumes to have channeled the deficit and inflation, although at a price that still divides opinions and using variables that could have expiration date. The result will define whether a financial respite is achieved or if, on the contrary, stability promises end up being a mirage.
The World Bank enters the scene: credits in sight or only good intentions?
But the IMF is not the only actor on this board. The visit of Ajay Banga, President of the World Bankto Buenos Aires, scheduled for April 2, adds a chapter parallel to the economic plot. Banga will arrive with an official agenda that includes meetings with Milei and Caputoand the expectation in the government is that the multilateral agency open the wallet to underpin reserves and finance infrastructure projects. According to transcended, Argentina could aspire to free credit lines, a safeguarded lifeguard in the days of skinny coffers, although the World Bank does not usually give away anything without asking for something in return: more adjustment, more reforms, more fiscal discipline.
The relationship between Banga and Donald Trump’s government adds a political seasoning to this visit. Nominated in 2023 by Joe Biden, Banga assumed the presidency of the World Bank with the support of US 2025, bets that this ideological tune between the libertarian and the Republican Facilitate a World Bank wink. Official sources highlight that Trump sees with good eyes the adjustment of Milei, and Banga, sensitive to Washington’s priorities, could align the interests of the organism with the political support of the White House.
Strictly speaking, it is not the first time that Milei and Banga cross roads. On February 21, 2025, in Washington, both had a protocol meeting after Milei’s dissertation at the IDB. There, Banga praised the “substantial reduction of inflation” and the fiscal surplus, according to Argentina.gob.ar, while Milei sold her vision of a country under reconstruction. They were also seen in November 2024 during the G20 in Rio de Janeiro, where loans for 2,000 million dollars were advanced. These background suggests that the relationship is fluid, but the question is still standing: will the political guarantee and the numbers make up for the World Bank to release the funds that Argentina needs, or will it be another round of applause without cash?
Source: Ambito
