The IMF managing director Kristalina Georgieva He said he had conversations with the United States Treasury Secretary Scott Betting To coordinate “comprehensive reforms”, read labor, pension and tax reform for the country and the financial assistance line negotiating the government with the White House. Trump’s possible “rescue” is not free.
Georgieva said he hopes to meet with Argentina’s economic team in the next few days to agree on the next steps and suggested that an alternative on the table could come from the Special Rights of Giro (Degs), the “currency” of the fund that are part of the American Treasury portfolio.
“Excellent conversation with Scott Besent about coordinating the support of the integral reforms of Argentina. We talked about the broad financial assistance plans of the United States, including the use of US holdings of Deg. I hope with interest the conversations with the Argentine authorities in the next few days,” published the head of the Fund on its X account.
Very good call with @SecScottBessent on coordinating support for Argentina’s comprehensive reforms. We discussed the extensive US plans for financial assistance, including the use of US holdings of SDRs. I look forward to talks with the Argentine authorities over the next days.
– Kristalina Georgieva (@kgeorgieva) October 3, 2025
“Thank you, Kristalina! I hope to see you in Washington,” Luis Caputo replied. The Minister of Economy will travel with his delegation this Friday night to the capital of the United States. The president of the Central Bank Santiago Bausili, Vice Minister José Luis Daza and Finance Secretary Pablo Quirno will also travel.
Georgieva anticipated in his message that an alternative of financial assistance for the country would be related to the Special Rights of Giro (DEG) that are in the asset portfolio of the agency that drives Besent. The United States Treasury has US $ 174,000 million and according to its statute, is authorized to buy and sell them with and towards other IMF member countries.
There is also talk of a swap for US $ 20,000 million that the United States would give Argentina in order to cancel the current currency exchange with China.
The small print of the negotiations with the IMF and the Treasury is not yet known, nor what will be the specific loan, but what can be stated is that the new debt or the “financial aid” will not be free. Georgieva and the Fund repeat in each statement that the government has to advance with the counter -reforms, which will imply a new attack on the living conditions of the working class. Thus, as the agency also insists on releasing the exchange rate, that is, a new devaluation, which will hit the purchasing power of wages. In addition, the dollars arriving Caputo will use them to finance the escape of capital as already seen in recent weeks. The Minister of Economy already did it during the macrismo, and ended with a strong devaluation, a debt jump. The consequences fell on the backs of the working people. Another exit is possible, we must reject the agreement with the IMF, the Treasury and mobilize due to the sovereign ignorance of the debt.
Source: www.laizquierdadiario.com
