Argentina : Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria

Author/Editor:

International Monetary Fund

Publication Date:

July 9, 2004

Electronic Access:

Free Full Text (PDF file size is 905 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper examines Argentina’s Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria. The economy is recovering rapidly, while inflation remains subdued. Strengthening consumer and business confidence and cautious monetary and fiscal policies have facilitated further reductions in interest rates, a stable peso, and further reserve accumulation. Buoyant tax revenues resulted in larger-than-programmed fiscal savings in 2003. Although high commodity prices and strengthening partner country demand are pushing export receipts to record levels, imports also continue to surge, driven by buoyant economic activity.

Series:

Country Report No. 04/195

Subject:

English

Publication Date:

July 9, 2004

ISBN/ISSN:

9781451801347/1934-7685

Stock No:

1ARGEA0022004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

63

Please address any questions about this title to publications@imf.org