MarketsNotableReported
6.2
IMF's Gopinath urges Argentina to accelerate FX adjustment, reserve buildup ahead of 2027 elections
ClarínLO·AR·3 days ago
Former IMF deputy Gopinath publicly backs Milei's fiscal discipline but warns Argentina must accelerate reserve accumulation and allow further peso depreciation to build buffers before 2027 elections. The call signals external pressure on Argentina's FX policy, with implications for capital controls and market expectations.
IMF First Deputy Managing Director Gita Gopinath has publicly urged Argentina to accelerate peso depreciation and reserve accumulation, while commending President Milei's fiscal discipline. This signals external pressure for a faster exchange rate adjustment and reserve buildup, likely influencing Argentina's FX policy trajectory ahead of the 2027 elections.