Luis Caputo and Kristalina Georgieva met at the IMF: “There is a relationship of trust,” said the minister

“It was a pleasant meeting because there is a relationship of trust,” Caputo told Argentine journalists, including Clarionwho were waiting for him at the end of the meeting, who It lasted just over an hour.

The minister noted that Georgieva “she is super impressed with the achievements” of the Argentine government, said

If the executive board gives the green light to the technical agreement (it is estimated that it will be in mid-May), will allow the disbursement of some US$1,000 million.

Caputo and Georgieva had already had a brief meeting on Wednesday, minutes before the agreement was announced, in an informal meeting. This Friday’s meeting took place in a room in the Fund building, when night fell in Washington and almost all the staff had already retired to their homes after a busy week.

The minister was accompanied by the head of the Central Bank, Santiago Bausili, the vice president Vladimir Werning, the vice minister of Economy, José Luis Daza, and the Argentine representative to the IMF, the economist Leonardo Madcur.

Before the meeting, Caputo had said that Argentina has with the IMF “a dream relationship.”

And that he has with Georgieva “a relationship far beyond business.” “So on Friday we got together to review the situation, talk about everything. I tell her the things we are working on, she gives me her opinion. It is a very close relationship, very cordial, very professional.”

After the meeting, her own Georgieva He credited the “excellent dialogue” he had with the minister. And, he assured that the IMF hopes “continue supporting Argentina’s reforms to consolidate stability and increase growth.

Excellent discussion with Minister @LuisCaputoAR & @BancoCentral_AR Governor Bausili on Argentina’s strong policy implementation. We look forward to continuing to support 🇦🇷’s reforms to entrench stability and lift growth. pic.twitter.com/sio4BCzSp4

— Kristalina Georgieva (@KGeorgieva) April 18, 2026

The minister was asked if Georgieva is worried about inflation in Argentina, which rose 3.4% in March, a figure that President Javier Milei described as “bad.”

““No, she is worried about the external shock,” Caputo answered regarding the consequences of the war between the United States and Iran and the closure of the Strait of Hormuz, which impacts the global economy. “Argentina has suffered external shocks a lot of times, what ends up happening is that sometimes it exposes the vulnerabilities of economic policies,” he said.

And he added: “If we had had a disordered macroeconomy, this shock would have had a brutal impact on us. So her concern is a bit like this: that we should not get overconfident, not start making lax fiscal policies, because then they will add gasoline to the fire, because if in this context we start spending more and increasing debt levels, then rates will continue to rise, debts will become unsustainable and the spill ends up being worse than the shock itself.”

“The relationship with the Fund now has nothing to do with the one before, said the minister.”It is also a relationship of great trust. because we have proven to them everything we said. And this helps the accumulation of reserves,” he added.

The staff level agreement agreed on Wednesday establishes a more flexible reserve goal, which will now be US$8,000 at the end of the year. “The whole explanation that we gave last year helped a lot when they said that we had to buy reserves in the middle of the run, which made no sense because if no one sells in Argentina and the Central Bank itself goes out to buy dollars at a time when no one sells in a band scheme, obviously you yourself are going to take the dollar to the ceiling of the band and you are going to end up selling yourself. So it was not the time to accumulate reserves, at the time when we were suffering that attack. And they understood it perfectly.”

“We told them: when the time is right we are going to rebuild the reserves taking into account the economic situation and the depth of the market,” Caputo said and added: “Once again we prove to them, first that we are right and second that to the extent that we can do more, we do more.”

With the meeting with Georgieva, Caputo thus closes some intense days in Washington within the framework of the IMF and World Bank Assembly. Beyond the announcement of the program review, the minister also obtained US$2 billion in guarantees from the World Bank and another US$550 million from the IDB for loans with private banks.