IMF Chief Offers Argentina Show of Support, Boosting Its Bonds

The head of the International Monetary Fund offered a fresh voice of support for Argentina Friday, backing Trump administration efforts to shore up President Javier Milei before Argentina’s midterm elections later this month.

IMF Managing Director Kristalina Georgieva said she spoke with Treasury Secretary Scott Bessent about “extensive US plans for financial assistance, including the use of US holdings of” Special Drawing Rights for Argentina. SDRs, as they are known, are the Washington-based fund’s reserve asset, based on a basket of currencies.

Georgieva’s comments were the latest twist in a stomach-churning month in Argentine markets, with bonds repeatedly rising and ...