Baltasar Felipe Romero Krause, vice governor of the Central Bank of the Argentine Republic (BCRA), presented the country’s economic program to investors in Washington D.C. on April 20.
The presentation addressed Argentina’s approach to achieving both external and internal economic balance during a period marked by global shocks. The discussion focused on how Argentina’s financial market stability compares with other emerging markets.
Romero Krause outlined several cyclical and structural factors contributing to this stability. He said that a reversal of last year’s domestic shock has more than offset current global challenges. On policy management, he highlighted foreign currency purchases by the BCRA, easing of exchange controls, and reduced export taxes as key measures. Structural changes such as fiscal balance, capital repatriation, an energy surplus, and resolution of contingent debt claims were also emphasized.
The vice governor provided updates on Argentina’s balance of payments outlook. He noted that international reserves increased by $1.5 billion in the first quarter. The agreement with the International Monetary Fund under its Short-term Liquidity Arrangement is expected to provide $3.5 billion in the second quarter and $8 billion in 2026.
On internal equilibrium, Romero Krause discussed inflation dynamics amid ongoing global shocks. He said relative price adjustments temporarily raised consumer prices but that private sector expectations point toward continued disinflation. Lower interest rates and reduced rate volatility are seen as supporting credit cycle recovery.
Looking ahead, BCRA officials plan to continue these policies aimed at reinforcing both monetary stability and growth prospects.
