The Central Bank of Argentina published the English presentation delivered by Vice President Vladimir Werning at the 12th BBVA Latin America Conference in London, setting out “Argentina: Economic Program Phase 4. Post-election financial normalization paves the way for reforms, remonetization, and reserve purchases.” The slides review 2025 developments, highlighting Phase 3 of the economic programme and a rapid financial normalization following a pre-election “black swan.” They also outline the 2026 outlook, covering the policy agenda for Phase 4 and an inflation discussion focused on trends, expectations and relative prices. A Spanish-language version of the presentation is expected to be published subsequently.
Central Bank of Argentina 2026-01-21
Central Bank of Argentina vice president presents Phase 4 economic programme and post-election financial normalization outlook
The Central Bank of Argentina released Vice President Vladimir Werning's presentation from the 12th BBVA Latin America Conference, detailing Argentina's economic program Phase 4, which includes post-election financial normalization, reforms, remonetization, and reserve purchases. The presentation reviews 2025 developments and outlines the 2026 policy agenda, with a focus on inflation trends and expectations.