The IMF warned about activity and employment and said that it agreed with the Government to boost the economy with four measures

“There is a shared understanding about the importance of expanding stabilization progress to achieve stronger growth and generate employment,” said the agency spokesperson. Julie Kozack this Thursday at a press conference.

The official explained that the conversations with the Government aimed to convert the results of macroeconomic stabilization into “stronger growth and job creation“. In that sense, he maintained that the economic program retains three pillars: continue with disinflation, strengthen the country’s resilience and boost growth.

The first of the four measures consists of deepen capital and mortgage markets. According to Kozack, the objective is to expand financing alternatives, support private investment and sustain domestic demand. The initiative aims to improve the conditions for companies and families to access resources to invest or finance their projects.

The second axis is increase labor market flexibility to encourage hiring in the private sector. The IMF spokesperson stressed that this point will be important so that the expansion of the economy has a correlation in employment. “This will be really important for ensure that the benefits of growth are translated into jobs”, he noted.

The third measure aims to advance with the recently awarded infrastructure concessions. Kozack did not detail in his response which projects were involved, but included their execution among the priorities agreed with the Government to support economic activity.

The fourth point consists of facilitating the execution of strategic investments under the RIGI. The spokesperson indicated that projects have already been approved for more than US$70 billion within the framework of that incentive regime. The implementation of these initiatives, along with infrastructure concessions, is part of the investment agenda that the agency considers relevant to strengthen growth.

“Argentina must stay the course with strong policies while expanding the benefits achieved“, Kozack added. “Sustained macroeconomic prudence, along with reforms that support investment, financing and job creation, should help Argentina strengthen its resilience and achieve stronger and more durable growth over time,” he concluded.

This week, the agency’s staff and the Government reached an agreement at a technical level on the third review of the program with Argentina. He disbursement of US$ 900 million It will be discussed by the board in early December.

The Fund praised the “impressive” results, despite a more complex global context, and that Argentina managed to ensure that net international reserves exceeded US$ 4,000 million is the goal planned for the end of June, while affirming that reserves will continue to be strengthened.

“The authorities agreed to remain ready to access international capital markets when conditions permit and to activate contingent credit lines as necessary. Efforts will continue to further extend maturities,” the IMF said.

On the other hand, the technical agreement establishes that fiscal discipline will continue to be the main anchor of the program. The Government committed to sustaining a primary surplus of 1.4% of GDP in 2026 and a similar goal in 2027, in accordance with the projections of the Budget sent to Congress, which has not yet been discussed.

The organization also mentioned the need to strengthen liquidity management, improve the transmission of monetary policy and accompany a gradual remonetization of the economy and a “prudent” expansion of credit.