The former IMF number 2, Gita Gopinath, launched a warning amid the official relief for the support of the United States. In his X account he pointed out that the help of the American treasure “serves to avoid speculative exchange movements”, but that is not enough to stop a devaluation. “Durable progress will require Argentina to adopt a more flexible exchange regime, accumulate reservations and generate support for its reforms internally.
In addition, the Financial Times (FT), the main global business newspaper, published a critical analysis of Javier Milei’s economic plan. In his article “Us Support Is Only to Temporary Fix for Argentina”, he said that, although the support of the United States Treasury can reassure markets in the short term, “this type of interventions only wins time, without addressing the structural contradictions of the Argentine economic model.”
The comment hits the Government’s idea that the loan marks a before and after. Ernesto Tenembaum remembered him in his Sunday column: “The minister argues that a new era has begun. Other people think that at least, there are some steps to be as optimistic,” citing Gopinath as proof that outside they also doubt.
Based, the IMF also has been claiming a higher exchange rate for the dollar, which they consider artificially ironed by the government.
Politics gets in the middle. Financial aid comes just before the legislative elections nations of October 26, where the government needs to show rapid results. The pressure is even greater because on December 7, 2025, it suffered a hard setback in the provincial legislative, which left the most weakened and alert ruling.
To this is added another uncomfortable detail: last year, News revealed that Javier Milei plagued Gita Gopinath in his book “Pandenomics”, an uncomfortable fact that resurfaces now that the economist warns about the limits of government measures.
The rescue is a short -term relief, but does not resolve the central: how long the government can stretch this situation before facing the corrections that the IMF itself and several analysts see as inevitable.
