Argentina: Request for Stand-By Arrangement and Request for Extension of Repurchase Expectations

International Monetary Fund

No 2003/392, IMF Staff Country Reports from International Monetary Fund

Abstract: Good progress has been made in stabilizing the economic and social situation since the crisis. Fiscal adjustment over a prolonged period will bring the public finances to a sustainable path. To protect social expenditures and allow higher public investment, a comprehensive tax reform is required. Strengthening central bank autonomy is essential for the successful implementation of inflation targeting and restructuring of the financial system. Full cooperation with the multilateral development banks is important to secure necessary program financing, re-establishing sustained growth, and reducing widespread poverty.

Keywords: ISCR; CR; debt; Argentina; staff appraisal; banking restructuring strategy; budget expenditure; automobile production; Fund credit; Debt restructuring; Debt service; Arrears; Credit; Europe (search for similar items in EconPapers)
Pages: 105
Date: 2003-12-19
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