Argentina: Third Review Under the Stand-By Arrangement, Request for Waivers and Modification of the Program

International Monetary Fund

No 2001/090, IMF Staff Country Reports from International Monetary Fund

Abstract: In 2000, economic activity declined by 0.5 percent, reflecting an 8 percent drop in investment spending. All rated banks, many corporate, several provinces, and the city of Buenos Aires were also downgraded on concerns about growth and the difficult fiscal situation. The performance in regard to structural reforms under the program was uneven. The authorities designed and started the national tax audit plan. Consumer prices are likely to remain broadly unchanged reflecting the still large output gap and the continued high unemployment.

Keywords: ISCR; CR; regime; convertibility regime; SDR; Argentina review; managing director of the IMF; Argentina's stand-by credit; debt service; foreign direct investment; Public sector; Debt service (search for similar items in EconPapers)
Pages: 42
Date: 2001-06-18
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