International Monetary Fund Managing Director Kristalina Georgieva has publicly endorsed the Argentine central bank's continued accumulation of foreign-exchange reserves, urging officials to "keep buying" as the country navigates its economic stabilization program.
Georgieva made the remarks during a press conference at the Ministry of Economy in Buenos Aires, alongside Argentine government officials.
While highlighting recent economic progress, she acknowledged that the adjustment process continues to generate significant social and fiscal challenges for the nation.
The IMF chief's comments reinforce the multilateral lender's support for the central bank's strategy to rebuild its balance sheet, a key pillar of the broader reform agenda.
The push to accumulate reserves aims to restore market confidence and provide a buffer against external shocks, though it requires sustained fiscal discipline and monetary tightening.
This development follows a period of aggressive reserve accumulation by the central bank, which has sought to reverse years of depletion.