Argentina: First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria

International Monetary Fund

No 2004/194, IMF Staff Country Reports from International Monetary Fund

Abstract: Argentina’s First Review Under the Stand-By Arrangement and a Request for Waiver of Nonobservance and Applicability of Performance Criteria are reviewed. Favorable conditions allowed a further strengthening of the external position, though external arrears continued to increase. Congress has approved all the components of the government’s anti-tax evasion package, including the tightening of rules on invoicing by commodity exporters, providing tax tribunals in Buenos Aires with federal jurisdiction, and introducing new penalties to reduce tax evasion.

Keywords: ISCR; CR; Argentina's creditor; debt exchange offer; fiscal policy; exchange offer; SDR; restructuring of Argentina's sovereign; grants waiver; poverty situation; Arrears; Bonds; Fiscal stance; Global; Europe (search for similar items in EconPapers)
Pages: 74
Date: 2004-07-09
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