LatinNews Daily - 27 May 2026

*Argentina’s central bank (BCRA) has announced that international reserves reached US$47.91bn as of 26 May, the highest level since October 2019. This comes as Argentina missed the target set for net international reserves accumulation for the end of December under its agreement with the International Monetary Fund (IMF). Despite this, the IMF praised the progress made by Argentina’s government led by President Javier Milei in a recent review, disbursing an additional US$1bn in funds. Since the start of the year, the BCRA has increased its international reserves by some US$4.8bn as it strives to meet the IMF’s target. However, analysts have warned that the fast-accumulating reserves could lead to an uptick in inflation, threatening one of the biggest achievements of Milei’s government so far - getting a handle on Argentina’s sky-high inflation levels.

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