The IMF has not closed the review of the agreement with Argentina: they are asking for reserves to be strengthened.

International Monetary Fund ( IMF ) spokesperson Julie Kozack said that a technical team from the Argentine government is in Washington to complete the first audit of the agreement signed in April. She explained that this initial review is not yet complete and warned of the need for Argentina to strengthen its reserves.

"Talks are ongoing. There is a technical team here in Washington that must hold those talks. The goal is to advance discussions on the first review of the program," the spokesperson explained after the country failed to meet its reserve accumulation target in June and projections for a current account deficit are almost five times higher than expected.

In this context, Kozack was asked about the IMF granting Argentina a waiver, which would be like a "pardon" for non-compliance and would grant the country a significant disbursement: "Regarding some more specific questions, such as the program's goals and the possibility of a waiver , given that discussions are ongoing, I will not speculate on the possibility of waivers or what is being discussed . We will keep you informed in due course," she responded.

Furthermore, the spokesperson made it clear that one of the International Monetary Fund's greatest concerns is the performance of the country's reserves, taking into account the local and international context. As a result, she emphasized that external agents can influence Argentina's financial statements, although the country must strengthen its efforts to minimize this impact.

This week, New York Judge Loretta Preska ordered Argentina to surrender 51% of its YPF shares to pay part of the judgment against the country for the 2012 expropriation of the oil company. The ruling orders the country to pay USD$16.1 billion, and they will take the shares as part of the payment, although the government has already appealed.

"Obviously, we are closely monitoring the situation. However, as a matter of policy, we do not comment on legal matters involving our member countries," the IMF spokesperson said of this case, which could also lead to changes in the agreement established in April.