News Brief: IMF Statement on Argentina

August 14, 1996

IMF Statement on Argentina

P. R. Narvekar, Acting Managing Director of the International Monetary Fund (IMF), today issued the following statement:

"The Argentine authorities have announced an important package of measures aimed at strengthening tax collections and reducing the fiscal deficit; the package also includes measures designed to foster employment creation and assist low income groups. The proposed measures provide renewed and welcome proof of the authorities' determination to strengthen the Convertibility Plan and build upon the major achievements made under the plan. An IMF team will visit Buenos Aires in coming days to continue our ongoing dialogue with the Argentine authorities."


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