US taps IMF reserves for first time in 40+ years to… rescue Argentina?

For the first time in over 40 years, Washington withdrew nearly $900 million from its IMF holdings just as Argentina faced a critical debt payment. Behind the scenes, Treasury officials insisted the move was routine accounting, not a bailout. However, the move underscores how politics and finance collide, with the US likely quietly stabilizing Buenos Aires while exposing the fragility of its IMF program.