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

Author/Editor:

International Monetary Fund

Publication Date:

July 25, 2003

Electronic Access:

Free Full Text (PDF file size is 1799 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Sound macroeconomic policies are key to improving market sentiment and smoothing the political transition. Implementation of structural reforms has been disappointing. The introduction of a further stay on mortgage foreclosures sends a highly negative signal about the protection of creditor rights. Continuation of a prudent fiscal policy will be the first challenge for the new administration. A cautious easing of monetary policy appears warranted given recent price and exchange rate trends. The new administration faces enormous challenges in advancing toward an appropriately comprehensive structural reform program.

Series:

Country Report No. 03/215

Subject:

English

Publication Date:

July 25, 2003

ISBN/ISSN:

9781451801354/1934-7685

Stock No:

1ARGEA0032003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

57

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